PSX: Buying coninues, KSE-100 gains over 400 points

Business Recorder reported that buying persisted on the Pakistan Stock Exchange on Tuesday, pushing the KSE-100 index more than 400 points higher in the first minutes of trade. At 10:10am the index traded near 171,562.37, a gain of 409.21 points or 0.24 per cent. Purchases were seen across automobile assemblers, cement, commercial banks, oil and gas explorers, power generation and refineries.

Index-heavy stocks including HUBCO, MARI, OGDC, POL, HBL, MCB, MEBL and NBP were also trading in positive territory, according to the report. The index had ended Monday's mixed, range-bound session 0.16 per cent higher at 171,153.17, a gain of 268.58 points, as investors weighed softer oil prices against fresh regional geopolitical tensions.

Internationally, Asian technology shares lifted regional markets on lower oil prices and hopes for US-Iran talks, while attention turned to a meeting between Donald Trump and Xi Jinping later this week. MSCI's broadest Asia-Pacific index outside Japan rose more than 1 per cent in early trade, while Chinese and Hong Kong AI stocks also surged.