PSX opens shortened trading week on bullish note; KSE-100 gains 2,800 points during early trade

The Pakistan Stock Exchange’s (PSX) benchmark index began the week on a strong note on Monday, gaining 2,800 points during early trading. The KSE-100 index had gained 3,594 points and was at 171,438 points at 9:30am, compared to Friday’s close of 167,844.24 points. By 9:39am, the index had slightly dipped to 2,870 points at 170,714 points. The development comes amid hopes that a deal between the United States and Iran to open the Strait of Hormuz could be announced soon. Oil prices also fell on...