The Pakistan Stock Exchange (PSX) is seeing cautious trading on Monday, with minor gains and losses as activity remains range-bound amid stalled U.S.-Iran talks.

The KSE-100 index opened slightly lower as it stands at 170,420.15 points, down 251.89 points or 0.15% from the previous close of 170,672.04.

During early trading, the index recorded a high of 171,306.61 and a low of 169,268.33, while trading volume reached 103,843,189 shares.

Oil climbed on Monday as stalled US-Iran peace talks prolonged the disruption of Middle East energy exports, while renewed excitement about artificial intelligence spending drove up chip stocks at the beginning of a week where war, central banks and tech earnings are in focus.

Benchmark Brent crude futures rose around 2% to touch a three-week high of $107.97 a barrel in Asia trade, a level that has stoked inflation worries and prompted traders to all but price out rate cuts in developed markets this year.

S&P 500 futures wobbled in the Asia session but tacked on small gains of around 0.2% after markets in Taiwan (.TWII) Tokyo (.N225) and Seoul (.KS11) followed Wall Street to notch record highs on a new wave of AI optimism.