Share prices rallied at Pakistan Stock Exchange (PSX) on Thursday following the signing of landmark strategic mutual defence pact between Pakistan and Saudi Arabia. A day after a dull session, bulls came back lifting PSX\u2019s benchmark KSE-100 index by 1,383 or 0.79 percent points by noon. The index was trading at 157,561 points. Buying interest was observed across key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, refinery and power generation. Index-heavy stocks, including HUBCO, ARL, MARI, OGDC, POL, PPL, PSO, SSGC, HBL, MEBL, MCB and UBL traded in the green. In a major development, Pakistan and Saudi Arabia had signed \u201cthe Strategic Mutual Defence Agreement (SMDA)\u201d on Wednesday during Prime Minister Shehbaz Sharif\u2019s visit to Riyadh. The agreement clearly states: \u201cAny aggression against either country shall be considered an aggression against both.\u201d On Wednesday, the PSX had witnessed an active yet cautious trading session marked by heavy investor participation but little movement in market direction. The benchmark KSE-100 Index closed almost flat, shedding just 3.12 points to settle at 156,177.82 points.<\/p>\n","protected":false},"excerpt":{"rendered":"
Share prices rallied at Pakistan Stock Exchange (PSX) on Thursday following the signing of landmark strategic mutual defence pact between Pakistan and Saudi Arabia. A…<\/p>\n","protected":false},"author":1,"featured_media":27598,"comment_status":"registered_only","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16],"tags":[],"class_list":["post-27597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts\/27597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27597"}],"version-history":[{"count":0,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts\/27597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/media\/27598"}],"wp:attachment":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}