Global Stock Exchanges.
Byline: S. Kamal Hayder Kazmi
The stock market extended its rally on Friday as the benchmark KSE-100 index rose 684 points and touched a 17-month high. The rally came in line with expectations as analysts had anticipated that the index would resume its advance following de-escalation of tensions between Iran and the US. Washington expressed its intention to enter into serious negotiations with Tehran in a bid to bring an end to the looming tensions.
Earlier, stock trading in the first session kicked off positively and the KSE-100 index jumped in early hours and breached the 43,000-point mark. The first session ended with a gain of 632 points.
At close, the...
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