Pakistan’s KSE-100 index rises 0.15% - Dawn

--> In Karachi, Pakistan, the Pakistan Stock Exchange’s KSE-100 index rose by 248.92 points, or 0.15%, to 171,402.08 points on Tuesday. This was the second consecutive session of positive momentum, although investor sentiment remained fragile due to geopolitical and economic uncertainty, Dawn reports .

During trading, the index reached 171,680.74 points and fell as low as 170,866.94 points. Market sentiment was supported by lower international oil prices and expectations of possible de-escalation in relations between the United States and Iran, which eased concerns over inflation and Pakistan’s external account. At the same time, geopolitical uncertainty limited broader market growth.

Shares of Mari Energies, Pakistan Petroleum, Hub Power, Fauji Cement Company and Lucky Cement contributed the most to the index, adding a combined 233 points. Shares of Bank Al-Habib, Fauji Fertiliser and MCB Bank, by contrast, jointly reduced the index by about 172 points.