Pakistan, Aug. 3 -- The Pakistan Stock Exchange (PSX) witnessed a strong rally on the first trading day of August after US President Donald Trump announced the resumption of negotiations with Iran, boosting investor confidence.

Read More: PSX plunges over 1,700 points as uncertainty over US-Iran talks

During intraday trading, the benchmark KSE-100 Index climbed 2,708 points to reach 178,802, reflecting renewed optimism in the local equity market amid expectations of easing geopolitical tensions in the Middle East.

Market sentiment improved as investors responded positively to the possibility of diplomatic engagement between Washington and Tehran, which could reduce uncertainty surrounding regional security and global energy markets. Pa...