PSX rebounds 546 points on oil price fall
The Pakistan Stock Exchange (PSX) saw a 546-point gain, closing the month on a positive note. The rally was driven by falling global oil prices and optimism regarding potential diplomatic negotiations in the Middle East.
Why it matters
Market performance in Pakistan serves as a key indicator of investor confidence amid regional geopolitical tensions and economic volatility.
--> Home Business PSX rebounds 546 points on oil price fall Ends July on positive note; KSE-100 gains 0.31% amid late profit-taking
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> KARACHI: Pakistan Stock Exchange (PSX) rebounded on Friday as the benchmark KSE-100 index gained almost 550 points to settle near 176,100, supported by a decline in global oil prices and reports that Pakistan was seeking to reinitiate diplomatic negotiations to ease tensions in the Middle East.
At the close of trading, the KSE-100 posted a rise of 546.13 points, or 0.31%, and settled at 176,094.12.
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