PSX: KSE-100 settles with over 3% gain as US-Iran tensions ease
Business Recorder • • 1 min read
Pakistan’s KSE-100 climbed 5,448.56 points, or 3.13%, to 179,335.24 on Tuesday, after opening higher and trading close to its session peak of 179,424.04. Business Recorder attributed the rally to easing US-Iran tensions, following US President Donald Trump’s comment that military action against Iran was not needed at present.
A securities analyst quoted by the publication said reduced geopolitical risk and lower oil prices had improved the outlook for Pakistani equities. Brent crude was down 1% at $91.56 a barrel, while the KSE-100 had gained 4.5% in the previous week. The report also noted gains in Asian and US markets as investors weighed the oil-price decline and upcoming US inflation data.
At a glance
- The KSE-100 rose 3.13% to 179,335.24 on Tuesday.
- Brent crude was down 1% at $91.56 a barrel.
- The index had advanced 4.5% during the previous week.
Originally reported by Business Recorder
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