PSX Surges Over 4,000 Points on Easing Tensions, Falling Global Oil Prices

PSX Surges Over 4,000 Points on Easing Tensions, Falling Global Oil Prices

The Pakistan Stock Exchange's benchmark KSE-100 index surged by 4,501.33 points, reaching 175,522.53 points from its previous close of 171,021.20 points during early Monday trade. This significant rally was attributed to easing geopolitical tensions and a sharp decline in global crude oil prices, which collectively boosted investor sentiment. Such positive economic indicators, particularly lower oil prices, could strengthen the Pakistani Rupee and potentially temper local gold price increases.

بحوالہ / Source: www.dawn.com