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PSX continues its surge as the KSE-100 surpasses 179,000.
The benchmark KSE-100 Index broke beyond the 179,000-point threshold during early trade on Tuesday as the Pakistan Stock Exchange maintained its upward trend.
At the start of the second trading session of the week, the PSX saw strong purchasing activity. The KSE-100 Index continued its advances from the previous session, rising more than 2547 points to 179,587.06 points.
A mix of strengthening domestic and international variables, according to analysts, contributed to the increase. Investor confidence increased globally as a result of the United States and Iran reaching a historic agreement to stop hostilities and reopen the Strait of Hormuz. As worries about inflation and disruptions to the energy supply subsided, the development led to a drop in the price of oil globally.
Following the State Bank of Pakistan’s (SBP) most recent monetary policy pronouncement, which maintained the benchmark interest rate at 11.5 percent, the market was bolstered domestically by policy stability.