Despite that, the benchmark KSE-100 index ended the week on a highly positive note, gaining 5,336 points, or 3.03% week-on-week (WoW), to close at 181,430. The PSX extended its winning streak on Thursday as investors looked beyond lingering concerns over volatile oil prices and the fragile regional peace situation, betting instead on improving market sentiment and selective buying in heavyweight stocks. AKD Securities wrote that the stock market witnessed positive momentum during the week on hopes of a deal between the US and Iran. This, coupled with Iran-Oman talks aimed at restoring the Strait of Hormuz to its pre-conflict position, drove oil prices below $80 per barrel, before they settled slightly higher at $82 on Friday. It mentioned that mutual funds were largely buyers in the stock market, which made net equity purchases of $14 million.