Bulls roar at PSX, KSE-100 up nearly 4,400 points amid US-Iran peace deal

Massive buying was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 4,400 points during the opening minutes of trading on Monday, as investors rejoiced over the peace deal between the United States and Iran. At 9:35am, the benchmark index was hovering at 176,767.01, up by 4,367.11 points or 2.53%. Across-the-board buying was seen in key sectors, including commercial banks, fertiliser, cement, oil and gas exploration companies, OMCs and refinery. Index-heavy stocks, including DGKC, LUCK, HBL, MCB, MEBL, MARI, OGDC, PPL, POL and HUBCO, traded in the green.