PSX opens shortened trading week on bullish note; KSE-100 gains 2,300 points during intraday trade

The Pakistan Stock Exchange’s (PSX) benchmark index began the week on a strong note on Monday, gaining over 2,300 points during intraday 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 1pm, the index had dipped to 170,189.87 points, up by 2,345.63 points (1.40 per cent). The development comes amid hopes that a deal between the United States and Iran to open the Strait of Hormuz could be announced soon. Oi...