The Pakistan Stock Exchange (PSX) extended its gains on Tuesday as investor confidence strengthened amid reports of mediation efforts between the United States and Iran, with the benchmark KSE-100 Index rising by more than 1,000 points during intraday trading.
The index climbed to an intraday high of 178,370.45 points before easing to 177,023.97 points, up 1,096.24 points, or 0.62%, from the previous close of 175,927.73.
Earlier in the session, the benchmark surged by as much as 1,902.30 points, or 1.08%, reaching 177,830.03 points at 9:39 a.m., reflecting strong buying interest across the market.
During the trading session, the KSE-100 Index touched an intraday low of 176,930.74 points before recovering.
Market participants attributed the positive momentum to improving investor sentiment amid reports of diplomatic efforts aimed at easing tensions between the United States and Iran.