The Pakistan Stock Exchange (PSX) witnessed cautious trading session on Monday, with minor fluctuations as activity remained range-bound amid stalled US-Iran talks, reported 24NewsHD TV channel.
At the end of final session of trading, the PSX’s benchmark KSE-100 Index stood at 169,497.35 points, down 1,174.35 points or minus 0.69%.
During early trading, the index recorded a high of 171,306.61 and a low of 169,268.33, while trading volume reached 103,843,189 shares.
Earlier oil climbed as stalled US-Iran peace talks prolonged the disruption of Middle East energy exports, while renewed excitement about artificial intelligence spending drove up chip stocks at the beginning of a week where war, central banks and tech earnings are in focus.
Benchmark Brent crude futures rose around 2% to touch a three-week high of $107.97 a barrel in Asian trade, a level that has stoked inflation worries and prompted traders to all but price out rate cuts in developed markets this year.
S&P 500 futures wobbled in the Asia session but tacked on small gains of around 0.2% after markets in Taiwan (.TWII), Tokyo (.N225), and Seoul (.KS11) followed Wall Street to notch record highs on a new wave of AI optimism.