PSX surged over 1,000 points as investors looked past a rate hike.

The KSE-100 index gained over 1,200 points as positive sentiment was supported by hopes of Iran war resolution and easing oil prices, despite recent rate hikes.

Possible impact on PSX shares

• MCB MCB Bank Limited▲ Could be positive

  Commercial banks like MCB may benefit from sustained asset yields after investors brushed off policy rate concerns amid strong market sentiment.

  Price when this was written: Rs 383.98 · Live price, chart and results

• OGDC Oil & Gas Development Company Limited▼ Could be negative

  As hopes of an Iran conflict resolution soften international oil prices, revenue prospects for upstream oil explorers like OGDC could face downward pressure.

  Price when this was written: Rs 301.37 · Live price, chart and results

• MEBL Meezan Bank Limited▲ Could be positive

  Meezan Bank could see continued support for financing yields following the rate hike as broader equity market sentiment improves.

  Price when this was written: Rs 526.00 · Live price, chart and results

• PPL Pakistan Petroleum Limited▼ Could be negative

  Easing crude prices driven by hopes of Middle East conflict de-escalation could limit near-term earnings growth for exploration companies like PPL.

  Price when this was written: Rs 214.70 · Live price, chart and results

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Express Tribune: PSX gains over 1,000 points as investors look past rate hike