KSE-100 closes above 168,000 on US-Iran talk optimism

Benchmark settled at 168,018.86, up 0.87%, as softer oil and hopes of easing Middle East tension lifted banks, fertiliser and energy heavyweights.

At 9:30am Tuesday the KSE-100 Index was at 167,869.45, up 1,305.39 points or 0.78%.

Buying spanned automobile assemblers, cement, commercial banks, oil and gas exploration, OMCs and power generation.

Heavyweights including HUBCO, MARI, OGDC, PPL, PSO, HBL, MCB and NBP traded higher early on.

Monday’s close was a modest gain of 154.81 points to 166,564.07 after a volatile session.

The previous week the index rose 4,034.37 points, or 2.5%, ending a five-week losing streak.

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