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The Pakistan Stock Exchange’s (PSX) benchmark index began the week on a strong note on Monday, gaining over 4,000 points during intraday trading.
KSE-100 gained 4,013.17 points or 2.39 per cent to stand at 171,857.41 points at 3:24pm from the previous close of 167,844.24 points.
The market opened with bullish momentum, gaining 3,594 points at 9:30am from Friday’s close. It then dipped to an intraday low of 170,161.66 points at 12:47pm, still in the green with a gain of 2,317.42 points.
The development comes amid hopes that a deal between the United States and Iran to open the Strait of Hormuz could be announced soon.
