PSX gains 1,200 points during intraday trade as oil eases amid US-Iran mediation efforts

The Pakistan Stock Exchange saw a significant jump of nearly 1,200 points in its benchmark index, the KSE-100, during intraday trading on Tuesday, driven by a dip in global oil prices amid US-Iran mediation efforts. The index reached an intraday high of 178,370.45 before retreating slightly by the afternoon, still closing the day up by around 1,192 points. This surge underscores investor optimism linked to potential easing of geopolitical tensions, which could stabilize oil markets and benefit Pakistan's economy. The movement in the stock market reflects broader global trends and underscores the interconnectedness of financial markets.