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BusinessLatest

Stock Market Surges as PSX 100 Starts Strong

By Staff Writer
0

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a positive start to trading today, following the Eid-ul-Fitr holidays.

The PSX 100 Index opened with a gain of 4,449 points at 157,190 and is currently trading 2,005 points higher at 154,745.

The positive momentum mirrors trends in global markets after U.S. President Donald Trump announced a five-day delay in planned action against Iran. This led to upward movements in Asian and European markets, with Japan’s Nikkei rising 0.75 percent, South Korea’s KOSPI climbing 2.5 percent, the Shanghai Stock Exchange increasing 1 percent, and India’s Nifty 50 gaining 1.25 percent.

Analysts say that the encouraging start indicates renewed investor confidence in Pakistan’s market after the holiday break, supported by a positive global investment environment.

Staff Writer
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