KARACHI: The Pakistan Stock Exchange (PSX) staged a sharp recovery on Wednesday as easing geopolitical tensions and a steep fall in global oil prices rekindled investor confidence. The benchmark KSE-100 index surged to an intraday high of 171,746 points before closing at 171,704.75, up 6,962.28 points or 4.23 per cent, with broad-based buying seen across key sectors. Topline Securities Ltd said sentiment turned decisively positive after indications of progress in potential US-Iran negotiations, easing concerns over tensions around the Strait of Hormuz, a critical global energy route.
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