The Pakistan Stock Exchange (PSX) continued its positive momentum with the benchmark KSE-100 Index gaining over 800 points during the early trading on Wednesday.
At 11:00am, the benchmark index was trading at 163,758.44, a gain of 861.76 points or 0.53%.
Buying activity was witnessed across key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, and power generation. Index-heavy stocks such as UBL, MARI, PPL, OGDC, and KML traded in positive territory.
On Tuesday, the Pakistan Stock Exchange (PSX) staged a strong rebound as easing geopolitical tensions linked to US–Iran negotiations, coupled with a modest decline in international oil prices, helped restore investor confidence and recover a portion of recent losses.
The benchmark index rose by 1,091.66 points, or 0.67%, to close at 162,896.68 points.
Meanwhile, global oil markets remained under pressure. Prices declined on Wednesday after US President Donald Trump reiterated that the conflict with Iran would likely end “very quickly,” although uncertainty persisted over the outcome of ongoing peace talks and continued supply disruptions from the Middle East.
Brent crude futures fell 45 cents, or 0.4%, to $110.83 per barrel by 0050 GMT, while US West Texas Intermediate (WTI) slipped 27 cents, or 0.3%, to $103.88.
Both benchmarks had already dropped nearly $1 on Tuesday after US Vice President JD Vance stated that Washington and Tehran had made progress in negotiations, with neither side interested in resuming military escalation.
