The Pakistan Stock Exchange's KSE-100 index staged a strong recovery, gaining 2,837 points (1.62%) to close at 178,123.56, extending Wednesday's rebound. This surge was attributed to improved investor sentiment, easing US-Iran geopolitical concerns following President Trump's remarks, and a subsequent dip in crude oil prices. Brent crude futures slipped to $84.95 a barrel, while US WTI fell to $79.45, reversing earlier gains. Such a reduction in global risk and commodity prices could temper safe-haven demand for gold and potentially ease inflationary pressures, indirectly supporting the PKR.
بحوالہ / Source: www.dawn.com