PSX stays in the black on US-Iran talks
A calmer geopolitical tone set the stage for a modest rally at the Pakistan Stock Exchange (PSX) on Wednesday, where the KSE-100 index stayed firmly in the green throughout the session over hopes for a diplomatic breakthrough between the US and Iran coupled with softer oil prices. The benchmark index gained 830.43 points, or 0.48%, to settle at 172,232.51. Investor interest was supported by reports that US-Iran talks could pave the way for a diplomatic resolution at the UN General Assembly, reducing fears of further disruption to global crude supplies.