Buying returns at PSX as US-Iran tensions ease

Buying returned at the Pakistan Stock Exchange (PSX) as investors seek comfort over US President Donald Trump’s decision to pause a planned attack on Iran, with the benchmark KSE-100 Index gaining over 2,300 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 164,162.04, up by 2,357.02 points or 1.46%. Buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, PPL, POL, MEBL and UBL, traded in the green.