PSX gains 1,455 points on ME peace talks

The KSE-100 rose 1,454.80 points, or 0.87%, to finish Tuesday at 168,018.87, extending its recovery as investors bought heavyweight shares. The index moved between 167,308.66 and 168,469.78 during the session, while market turnover reached 517.3 million shares, up from 443.4 million on Monday. Traded shares were valued at Rs20.7 billion.

The Express Tribune reported that buying included commercial banks and fertiliser firms, with HBL, Meezan Bank and Engro Fertilisers among the stocks contributing to the index. Cnergyico led trading volume, with 114.8 million shares changing hands, but its price fell Rs0.54 to Rs11.74. Foreign investors sold shares worth Rs492.9 million, according to the National Clearing Company.

Market participants were also watching US-Iran diplomatic contacts, the US midterm elections and oil prices, which traded at $104-106 per barrel after briefly reaching $107. The report said geopolitical developments and oil-market moves remained relevant to trading sentiment, despite the session's broad gains.