The Pakistan Stock Exchange (PSX) continued its bullish momentum on Friday with the benchmark KSE 100 index gaining nearly 2,500 points in early trading.
At 11:15am, the benchmark index was trading at 172,397.75 points, an increase of 2,485.80 points or 1.46%.
On the index front, key gains were recorded in oil and gas exploration, OMCs, automobile, cement, commercial banks, and the chemical sectors.
On Thursday, the KSE-100 Index showed strong momentum throughout the session, rising by 1,392.01 points, or 0.83%, to close at 169,911.95, compared with the previous close of 168,519.94.
Meanwhile, oil prices eased in early Friday trading amid optimism that tensions in the Middle East could be de-escalating, following a 10-day ceasefire between Lebanon and Israel and comments from US President Donald Trump suggesting possible weekend talks between the US and Iran.
Brent crude futures fell $1.34, or 1.35%, to $98.05 per barrel at 0021 GMT, while US West Texas Intermediate (WTI) crude declined $1.65, or 1.74%, to $93.40 per barrel, giving up part of the previous session’s gains.
