PSX: stocks surge, KSE-100 up 600 points in early trade
Buying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 600 points as sentiment improved after US President Donald Trump said the country will not attack Iran before US elections next month amid productive talks to end their war that has disrupted the market. At 9:30am, the benchmark index was hovering at 168,043.33, up 601.43 points or 0.36%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including HUBCO, MARI, OGDC, PPL, POL, SSGC, PSO, HBL, MEBL, MCB and UBL, traded in the green.