The Pakistan Stock Exchange (PSX) continued its bullish momentum on Wednesday, supported by easing tensions between the US and Iran.
The KSE-100 index rose by 1,177.84 points, or 0.63%, to close at 188,078.57, up from 186,900.73 in the previous session.
Investor sentiment improved after Iranian President Masoud Pezeshkian confirmed that he had ordered the start of talks with the United States, provided they proceed without threats, following US President Donald Trump’s warning of potential “bad things” if no deal is reached.
In the prior session, the KSE-100 had gained 1,842.91 points, a 1.00% increase, closing at 186,900.74 points compared with 185,057.83 the day before, according to PSX data.
During the session, the ready market recorded a trading volume of 848.559 million shares with a traded value of Rs 50.025 billion, against 740.092 million shares valuing Rs 42.204 billion in the previous session. Market capitalization increased to Rs 21.149 trillion from Rs 20.969 trillion a day earlier.
Out of 486 active companies in the ready market, 294 advanced, 145 declined, while 47 remained unchanged.
