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PSX: buying continues, KSE-100 up nearly 2%
Buying rally continued at the Pakistan Stock Exchange (PSX) amid expectations that the losses US President Donald Trump’s Republican Party suffered in Congressional elections this week may reduce the risk of further escalation of the US-Israeli war on Iran. At 9:45am, the benchmark index was hovering at 175,347.48, up 3,334.00 points or 1.94%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration and OMCs. Index-heavy stocks, including MARI, OGDC, PSO, SSGC, HUBCO, HB, MCB, MEBL and NBP, traded in the green. On Wednesday, PSX st...
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