KARACHI (Dunya News) – Pakistan Stock Exchange (PSX) maintained its bullish momentum for second consecutive day on Thursday amid growing hopes for a peace deal between the US and Iran.
During intraday trading, the KSE-100 benchmark index surged by 1247.23 points or 0.73 percent to reach 172,951.98 points compared to previous close of 171,704.45 points.
On the other hand, Asian stocks soared to record highs on Thursday while the U.S. dollar slipped and oil nursed steep losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical Strait of Hormuz remains unresolved.
Japan's Nikkei (.N225), opens new tab returned from a long holiday to cross 62,000 for the first time, catching up on a blistering AI-led rally after robust earnings that has also catapulted South Korean (.KS11) and Taiwan stocks (.TWII) to records.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 1%, hitting another all-time high. The index is up 7% so far this week.