PSX rallies nearly 2,000 points as oil prices ease

The Pakistan Stock Exchange (PSX) extended its bullish momentum on Wednesday as investor sentiment improved amid easing global oil prices and optimism surrounding geopolitical developments in the Middle East, with the benchmark KSE-100 index jumping 1,934.74 points, or 1.19%, to settle at 164,831.42. The market presented a mix of volatility and caution during the session, moving between an intraday high of 165,081.70 and a low of 162,895.74. Earlier at around 9:39 am, the index climbed to 162,940.75 points, gaining 44.07 points, or 0.03%, shortly after trading commenced. As the session progressed, the market maintained a steady upward trajectory, reflecting measured buying activity across key sectors, despite being in a subdued mood.