KARACHI (Dunya News) - Pakistan Stock Exchange continues its positive momentum on Tuesday, with the benchmark KSE-100 Index surpassing the 179,000-point mark during early trading as investor sentiment remained strongly positive.
The PSX witnessed robust buying activity at the opening of the second trading session of the week. The KSE-100 Index gained more than 2547 points to reach 179,587.06 points, extending gains from the previous session.
Analysts attributed the rally to a combination of improving global and domestic factors. Internationally, investor confidence gained from easing tensions between the United States and Iran following a breakthrough agreement aimed at ending hostilities and reopening the Strait of Hormuz. The development triggered a decline in global oil prices as concerns over energy supply disruptions and inflation eased.
Domestically, the market was supported by policy stability after the State Bank of Pakistan (SBP) kept its benchmark interest rate unchanged at 11.5 percent in its latest monetary policy announcement.