Pakistan Stock Exchange (PSX) opened on a positive note on Thursday amid buying rally. During intraday trading, the KSE-100 index gaining 1,205.70 points and touched 178,650 compared to previous close of 177,370.70.
Trading activity remained positive, with total volume standing at 89,759,628 shares.
Meanwhile, global stocks steadied on Thursday after Nvidia’s strong sales growth forecast bolstered technology shares, while geopolitical uncertainty and data showing the Federal Reserve’s preferred US inflation measure is stubbornly high subdued trade elsewhere.
European technology stocks, opens new tab led sectoral gains, up 1.3%. The pan-European STOXX 600, opens new tab was down about 0.1% and the MSCI All Country World Index (MIWO00000PUS), opens new tab was little changed. Technology-heavy Asian markets were mostly firmer.
Meanwhile, global oil prices fell more than $1 on Thursday, extending a streak of losses, on expectations that talks between Iran and Qatar might open the Strait of Hormuz and reduce supply disruptions from the war in the Middle East.
Brent crude futures were down $1.07, or 1.2%, to $86.77 a barrel at 0645 GMT, in line for a fourth day of declines. West Texas Intermediate crude futures fell $1.13 to $81.10, in line for a fifth day of losses.
