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PSX: stocks surge, KSE-100 up nearly 400 points
Positive momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 400 points during the opening minutes of trading on Wednesday. At 9:35am, the benchmark index was hovering at 164,830.55, up 363.35 points or 0.22%. Buying was observed in key sectors: automobile assemblers, cement, commercial banks, oil and gas exploration companies and power generation. Index-heavy stocks, including HUBCO, MARI, POL, HBL, MCB and MEBL, traded in the green. In a key development, Pakistan has decided to tighten its anti-money laundering and countering the financ...
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