Karachi (Commerce Desk) The Pakistan Stock Market witnessed a positive trend on the second trading day of the week, as the benchmark index surged back above the 171,000-point level.
At the start of trading, the market showed strong bullish momentum, with the index gaining over 700 points. As a result, the Pakistan Stock Exchange’s KSE-100 Index reached 171,339 points.
It is worth noting that in the previous trading session, the market had witnessed a bearish trend, closing with a sharp decline of 3,362 points at 170,600 points.
On the other hand, global markets remain uncertain due to rising tensions between the United States and Iran, which are also affecting Asian stock markets.
According to news agencies, South Korea’s KOSPI index fell by more than 2%, while Japan’s Nikkei index also dropped by 1.5%. Stock markets in China and Indonesia also experienced mild declines.
However, Hong Kong’s Hang Seng Index rose by 1.46%, while Thailand’s SET Index also recorded a 1% increase.