PSX opens week higher as KSE-100 gains over 800 points
“PSX opened the week on a positive note as the KSE-100 Index gained over 800 points to reach 171,732, following an 1,841-point rise in the previous session. KARAC…”
KKARACHI —The Pakistan Stock Exchange (PSX) recorded a positive trend during early trading on the first day of the business week, with the benchmark KSE-100 Index gaining more than 800 points. The index climbed to 171,732 points during trading, reflecting strong buying activity in the market.
The latest gains followed a positive close in the previous trading session. On the last trading day of the previous week, the KSE-100 Index had advanced by 1,841 points to settle at 170,884 points.
Meanwhile, oil prices slid to their lowest in more than a week on Monday on hopes diplomacy in the Iran war will get a chance this week amid a UN meet and as investors eyed a partial recovery in shipments from Saudi Arabia despite ongoing attacks by Yemen's Houthis.
"Stay connected with Aman-e-Pakistan for ongoing live reporting and verified investigative updates."
Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on Monday, with Brent at $101.71 a barrel by 0213 GMT, down $2.16, or 2.08%, after settling 0.91% lower on Friday. US West Texas Intermediate crude lost $2.15, or 2.14%, to $98.15 a barrel following a 1.58% drop in the previous session.
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