Buying continues at bourse, KSE-100 up 500 points in early trade

Buying rally continued at the Pakistan Stock Exchange (PSX) after US President Donald Trump again asserted the war with Iran will end “very quickly”, with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of trading on Wednesday. At 9:30am, the benchmark index was hovering at 163,459.05, a gain of 562.37 points or 0.35%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies and power generation. Index-heavy stocks, including HUBCO, MARI, PPL, FFC and EFERT, traded in the green.