Buying momentum returned to the Pakistan Stock Exchange (PSX) on Tuesday, as investor sentiment improved amid growing optimism over a potential second round of US-Iran talks aimed at resolving the ongoing conflict. Hopes that diplomacy may progress have weighed on global oil prices, easing supply concerns and providing a supportive backdrop for equity markets.
The benchmark KSE-100 index traded firmly in positive territory during the early session, the index stood at 174,631.25, up 2,434.55 points, or 1.41% at 12:24 pm, at the time of reporting.
The market touched an intraday high of 175,298.11, while the low was recorded at 173,405.57. Trading activity remained robust, with volume clocking in at 227,286,926 shares, compared to the previous close of 172,196.70. The overall traded value was recorded at 17,551,737,587.