PSX gains over 1,300 points amid sustained buying

The KSE-100 was up more than 1,300 points in Tuesday trading, as buying continued across major sectors despite fresh concern over Middle East tensions, The Express Tribune reported. The index stood at 167,869.45 after an early rise of 1,305.39 points, or 0.78%, from the previous close of 166,564.06.

The benchmark later reached 168,469.78 and dipped to 167,308.65 during the session. At 1:19pm, it was at 167,947.06, a gain of 1,383 points, or 0.83%. Oil prices also moved higher following reports of a US strike on Iran’s Qeshm Island, reviving concerns about escalation and disruption to regional oil supplies; local investors nevertheless kept buying.