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MANILA, Philippines — Local stocks rose on Friday as investors tracked Wall Street’s overnight rally and growing hopes that the United States and Iran could eventually reach a peace agreement.
The benchmark Philippine Stock Exchange Index (PSEi) climbed 0.69 percent or 40.70 points, to close at 5,961.40, extending gains for a second straight session.
Philstocks Financial Inc. said investor sentiment improved after global equities advanced overnight on expectations that tensions in the Middle East could ease.
READ: PSEi climbs on hopes of US-Iran peace deal
