PSX gains 2,248 points in mixed week

Pakistan Stock Exchange (PSX) extended gains during the outgoing week, when the benchmark KSE-100 index rose over 2,248 points amid easing geopolitical concerns linked to expected progress in US-Iran negotiations and improving investor confidence. On a day-on-day basis, the bourse commenced the week with a plunge of nearly 3,800 points, triggered by stalled US-Iran peace negotiations, which pushed crude prices above $110.91 per barrel. On Tuesday, the index oscillated between the intra-day high of 164,309.65 and the low of 162,563.58. At close, it posted a handsome rise of 1,091.66 points, or 0.67%, to settle at 162,896.68. On Wednesday, the PSX witnessed a stable session, closing at 164,831, up 1,935 points (+1.19%). The market remained robust on Thursday, where the index closed at 168,514, up 3,683 points (+2.23%). It ended the week with a mixed session as the KSE-100 settled at 167,84...