PSX gains over 2800 points during intraday trade (opens original article in a new tab)

The Pakistan Stock Exchange's KSE-100 index gained over 2,800 points during intraday trade on Monday, reaching 175,236 points. The increase followed a preliminary agreement between the US and Iran to end a war that had impacted the global economy. The rally was supported by easing geopolitical tensions, lower oil prices, and positive economic indicators. The federal budget was presented after market hours on the final trading day of the week.

• PSX's KSE-100 index gained 2,836 points (1.65%) during intraday trade on Monday
• The index rose to 175,236 points from 172,399 points
• Geopolitical tensions eased as US and Iran reached a preliminary agreement
• Lower oil prices and positive economic indicators contributed to the stock market rally
• The federal budget was presented after market hours on the final trading day of the week