The KSE-100 index surged over 2,000 points during early trade, reaching 177,927.73, primarily due to softening global oil prices. Brent crude futures eased to $88.44 per barrel, while US WTI fell to $82.50, as markets considered renewed US-Iran mediation efforts. Investor sentiment was also boosted by optimism surrounding the ongoing earnings season. This drop in oil prices could potentially alleviate Pakistan's import bill and inflation, offering stability to the PKR and reducing upward pressure on local gold rates.
بحوالہ / Source: www.dawn.com