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KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday extended its overnight recovery rally as investors engaged in value hunting across the board amid easing geopolitical tensions and falling oil prices, pushing the benchmark KSE-100 index above the 165,000 mark during intraday trade.
The extension of overnight optimism followed fresh comments from the US president, which drove oil prices down by more than 2pc after Donald Trump again asserted that the Iran war would end “very quickly”. However, investors remained wary about the outcome of peace talks as disruptions to Middle Eastern supply persisted.
Ali Najib, Deputy Head of Trading at Arif Habib Ltd, said the PSX witnessed a stable session, with the index closing at 164,831.42, up 1,934.74 points or 1.19pc.
The market experienced significant intraday movement, with the index touching a high of 165,082 points and a low of 162,896 points.
