KSE-100 gains over 6,000 points amid US-Iran peace hopes

Massive buying interest was observed at the Pakistan Stock Exchange (PSX) on Wednesday, after US President Donald Trump said on Tuesday that he was halting the US military operation to escort ships through the Strait of Hormuz after just one day, in a bid to reach a deal with Iran to end the Middle East war. At 2:44pm, the benchmark index was hovering at 170,849.81, up by 6,107.34 points or 3.71%. Buying was seen in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including HBL, MCB, UBL, MARI, OGDC, PPL, POL, PSO and SSGC, traded in the green.