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Bulls took control of the Pakistan Stock Exchange (PSX) on Monday as the benchmark index recovered over 900 points. The KSE-100 index gained 954.77 points (0.59 per cent) to close at 163,948.94 points from the previous close of 162,994.17 points. The index had begun the day on a positive note, reaching an intraday high of 167,245.54 at 10:39am after gaining 4251.37 points from the previous close. According to Mettis Global, the initial sharp rally came as investors reacted positively to developments surrounding rising tensions between Iran and the United States, alongside efforts to stabilise the situation in key global energy routes. However, the market witnessed a sharp fall after 3pm, reaching an intraday low of 163,417.84 points. Among the most actively traded stocks today: Hascol Petroleum Limited: up 0.76pc to Rs21.33 on a volume of 51,509,056 shares Cnergyico PK Limited: up 1.85pc to Rs8.27 on a volume of 50,165,739 Sui Southern Gas Company Limited: up 7.37pc to Rs26.52 on a volume of 49,675,264 The to...
US President Donald Trump said on Monday that his representatives were having “very positive discussions” with Iran that could “lead to something very positive for all”. He made these remarks in a Truth Social Post, also announcing an initiative to guide vessels stuck in the Strait of Hormuz out of the waterway, hours after Tehran said on Sunday that the United States had responded to its 14-point proposal via Pakistan. Iranian state media quoted a foreign ministry spokesperson as saying that Tehran was reviewing the response. Later, US Special Envoy on Middle East Steve Witkoff told CNN the US was “in conversation” with Iran as they weighed negotiations to end the war. This was followed by Trump’s post on Truth Social, where he said: “I am fully aware that my Representatives are having very positive discussions with the Country of Iran, and that these discussions could lead to something very positive for all.” He also said that countries from across the world, “almost all of which are not involved in the Mid...10706 items