PSX extends rally for second session, gaining over 3,400 points.

The market extended its strong rally as buying interest continued amid easing geopolitical concerns following the US elections, pushing indices significantly higher by midday.

Possible impact on PSX shares

• OGDC Oil & Gas Development Company Limited▲ Could be positive

  OGDC shares could follow the wider market's upward momentum as easing geopolitical concerns after the US elections lift overall investor sentiment across index heavyweights.

  Price when this was written: Rs 315.70 · Live price, chart and results

• HUBC The Hub Power Company Limited▲ Could be positive

  HUBC may see positive movement as strong buying interest across the board during the midday session supports major index components following reduced geopolitical tensions.

  Price when this was written: Rs 207.75 · Live price, chart and results

• MCB MCB Bank Limited▲ Could be positive

  MCB shares are likely to reflect the positive sentiment driven by the wider market surge as easing geopolitical concerns encourage fresh buying across blue-chip stocks.

  Price when this was written: Rs 402.00 · Live price, chart and results

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Express Tribune: PSX extends rally for second session, gains over 3,400 points