Stocks at PSX surge, KSE-100 up over 800 points after Iran signals talks progress

Buying momentum continued at the Pakistan Stock Exchange (PSX) as Iranian negotiators said progress had been made in peace talks with the United States, with the benchmark KSE-100 Index gaining over 800 points during the opening minutes of trading on Monday. At 9:45am, the benchmark index was hovering at 179,765.33, up by 842.58 points or 0.47%. Buying was observed in key sectors, including automobile assemblers, cement, chemical, commercial banks, oil and gas exploration companies, OMCs and refinery. Index-heavy stocks, DGKC, MCB, MEBL, NBP, MARI, OGDC, PPL, POL and HUBCO, traded in the green.