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KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday snapped a seven-session losing streak amid renewed buying interest after US President Donald Trump said he had paused a planned attack on Iran to allow negotiations to end the war in the Middle East, though trading volume fell below 400 million shares.
Mr Trump said he called off a new bombardment of Iran planned for Tuesday after Saudi Arabia and other Persian Gulf allies asked for more time to pursue diplomacy.
Topline Securities Ltd said the PSX witnessed a robust pullback, recouping some of its recent losses as investor confidence made a notable comeback.
The benchmark index opened on a positive note and maintained its upward momentum throughout the session, reaching an intraday high of 2,504 points at 164,309.65 before closing at 162,896.68, up 1,091.66 points or 0.67 per cent.
