Positive momentum at PSX, KSE-100 up nearly 1,100 points amid Iran-US interim peace deal

Buying momentum continued at the Pakistan Stock Exchange (PSX) after the ‌US and Iran signed an interim peace deal, with the benchmark KSE-100 Index gaining nearly 1,100 points during the opening minutes of trading on Thursday. At 9:30am, the benchmark index was hovering at 181,594.40, up by 1,083.38 points or 0.6%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including HUBCO, PRL, MARI, OGDC, PSO, MCB, MEBL and NBP, traded in the green.