KARACHI: The Pakistan Stock Exchange (PSX) on Thursday recorded significant gains amid ongoing trading activity, reflecting a recovery despite ongoing war in the Middle East. During intraday trading, the KSE-100 index climbed by more than 2,500 points to reach 158,604. This comes after the previous trading session ended with a decline of 1,354 points, leaving the 100-Index at 155,777. Meanwhile, Asian shares rallied on Thursday and U.S. Treasuries declined, pointing to a tentative recovery in risk appetite that has been hammered by the escalating war in the Middle East. South Korea’s KOSPI gauge recovered its steep losses in the prior session following a rebound on Wall Street. The dollar resumed its advance, while oil and gold traded higher. Chinese shares climbed as party elites in Beijing unveiled their wide-ranging economic and development targets. The U.S. Senate backed President Donald Trump’s military campaign against Iran, suggesting no quick resolution to a war that has roiled financial markets, transportation networks, and energy production. APP
