{
  "id": 73676,
  "title": "Bulls in charge as PSX opens week by gaining 2,000 points during intraday trade",
  "url": "https://urgent.news/2026/08/03/bulls-in-charge-as-psx-opens-week-by-gaining-2-000-points-during-73676",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T06:34:06.000Z",
  "source": {
    "name": "Dawn",
    "slug": "dawn",
    "url": "https://www.dawn.com/news/2020325/bulls-in-charge-as-psx-opens-week-by-gaining-2000-points-during-intraday-trade"
  },
  "original_language": "en",
  "account": "The Pakistan Stock Exchange (PSX) commenced the week on a positive note, surging by over 2,000 points in intraday trading. At 11am, the KSE-100 index had risen by 2273.78 points from its previous close of 176,094.11 points. This bullish trend was attributed to easing geopolitical tensions following a decision by US President Donald Trump to call off a planned strike on Iran. The positive sentiment was further bolstered by the anticipation of a swift resolution between the US and Iran, as well as the recent decline in global oil prices. Market analysts noted that investor confidence was bolstered by the prospect of inflation returning to single digits in July, which was expected to prompt monetary easing and further invigorate the market. Despite its strong opening, the KSE-100 index concluded the first month of the fiscal year below its previous level, with a decline of 4,208 points or 2.3% month-on-month. This decline was primarily driven by heightened US-Iran tensions, which led to an increase in global crude oil prices and dampened investor confidence. The market witnessed an average daily traded volume of 845 million shares and an average daily traded value of Rs37.5bn.",
  "summary": "The Pakistan Stock Exchange (PSX) opened the week in the green, gaining more than 2,000 points during intraday trade. At 11am, the benchmark KSE-100 index had gained 2273.78 points, from the previous close of 176,094.11 points. The development came as global oil prices tumbled on Monday as Donald Trump said fresh talks with Iran will begin later in the day. Mettis Global, a web-based financial…",
  "key_points": [
    "PSX opens week with 2,000+ point gain",
    "US President Trump avoids Iran strike",
    "Inflation drop expected to ease monetary policy"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Dawn Business",
        "title": "Bulls in charge as PSX opens week by gaining 2,000 points during intraday trade",
        "url": "https://urgent.news/2026/08/03/bulls-in-charge-as-psx-opens-week-by-gaining-2-000-points-during",
        "published": "2026-08-03T06:34:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}