PSX: stocks surge, KSE-100 up nearly 3,300 points
Buying returned at the Pakistan Stock Exchange (PSX) after US President Donald Trump said US military action against Iran is not necessary “at this point”, with the benchmark KSE-100 gaining nearly 3,300 points during the opening minutes of trading on Tuesday. At 9:45am, the benchmark index was hovering at 177,168.09, up 3,281.41 points or 1.89%. 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 MARI, OGDC, PPL, PSO, HUBCO, HBL, MCB, MEBL and UBL, traded in the green.