PSX KSE-100 index surges over 2,200 points on easing geopolitical tensions

At a glance

PSX KSE-100 index gained over 2,200 points in Monday's intraday trade.
The rally is linked to easing US-Iran tensions and a fall in global oil prices.
The market's positive start to August follows a 2.3% decline in July.

Story so far

The Pakistan Stock Exchange saw a significant rally on Monday, with the benchmark KSE-100 index gaining over 2,200 points in morning trade. The surge is attributed to easing geopolitical tensions following an announcement of renewed talks between the US and Iran, which also caused global oil prices to fall. This positive momentum comes after the market ended July with a 2.3% loss, largely due to the same regional tensions.

Latest development

The KSE-100 index surged by 2,273.78 points in intraday trading on Monday, rising from a previous close of 176,094.11. The rally is attributed to easing geopolitical tensions between the US and Iran.

Sources and updates

Dawn News - Youtube

Pakistan Stock Exchange Opens Higher as New Trading Week Begin | Dawn News

Dawn News - Youtube

Pakistan Stock Market Extends Gains Amid Strong Positive Momentum | Breaking News | Dawn News

Dawn News