Pakistan Stock Exchange Surges Over 6,100 Points on Optimism Surrounding Potential U.S.-Iran Deal
KARACHI:** The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) recorded a strong weekly performance, gaining 6,118 points to close at 173,962, driven largely by investor optimism over a potential agreement between the United States and Iran.
According to the weekly market report, the KSE-100 Index traded within a range of 3,944 points during the week. The index reached a weekly high of 174,106 points and touched a low of 170,161 points.
Market activity remained robust, with more than 1.06 billion shares changing hands during the week. The total value of traded shares stood at approximately Rs72 billion.
The rally also boosted the overall market capitalization of the Pakistan Stock Exchange, which increased by Rs549 billion over the week to reach Rs19.166 trillion.
Analysts attributed the positive momentum to improved investor sentiment, supported by expectations of easing regional tensions and favorable developments in international markets.
