KARACHI: Following reports of an Iranian delegation visiting Pakistan for the second round of negotiations between the US and Iran, the Pakistan Stock Exchange’s (PSX) negative hundred index turned positive.
The PSX’s hundred index closed at 170,672 points, showing an increase of 1,498 points.
Before the news of the Iranian delegation’s arrival in Pakistan surfaced, the index in the first session had declined by 2,165 points, settling at 167,007 points.
Meanwhile, global oil prices also saw a decline. Brent crude oil prices fell below $107 and dropped to $104 per barrel. WTI (West Texas Intermediate) crude decreased by $2, trading at around $95 per barrel.
It is noteworthy that the Iranian Foreign Minister is expected to arrive in Islamabad today for peace negotiations, and there is also a possibility that the US delegation may depart for Pakistan.
