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  "path": "/news/1991921/psx-gains-4300-points-amid-hopes-of-us-iran-talks-reviving",
  "publishedAt": "2026-04-15T06:38:53.000Z",
  "site": "https://www.dawn.com",
  "tags": [
    "Business",
    "second round",
    "more likely",
    "spectacular recovery",
    "5,000 points",
    "brought down oil prices",
    "Strait of Hormuz",
    "additional $3bn"
  ],
  "textContent": "The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index gained over 4,300 points during intraday trade on Wednesday, sustaining its bullish momentum for a second consecutive day.\n\nThe positive trend comes amid hopes that peace talks between the United States and Iran will proceed to a second round, with US President Donald Trump saying they are more likely to be held in Islamabad.\n\nThe KSE-100 index surged by 4,301.24 points, or 2.60 per cent, to reach 169,936.08 points, from the previous close of 165,634.84 points.\n\nThe PSX staged a spectacular recovery on Tuesday, gaining 5,000 points, thanks to renewed hopes for the resumption of US-Iran negotiations, which eased fears of oil supply disruptions and brought down oil prices.\n\nUS stocks rose and oil fell again on Wednesday after Trump’s remarks, fuelling hopes for a deal that would reopen the Strait of Hormuz and allow crude to flow again.\n\nOngoing diplomatic efforts and indications of possible follow-up negotiations are likely to keep sentiment supported and momentum elevated in the near term.\n\nOn the diplomatic front, Saudi Arabia has pledged financial support of an additional $3bn to Pakistan and extended its existing $5bn facility for a further three years, providing a timely boost to sentiment.",
  "title": "PSX gains 4,300 points amid hopes of US-Iran talks reviving"
}