Stocks gain on higher oil prices

The Philippine stock market sustained its rally on Friday, adding more than 1 percent as investors reacted positively to stronger crude prices, as well as continued upbeat sentiment following the decision of the Federal Reserve to ease the pace of interest rate hikes this year, analysts said.

The benchmark Philippine Stock Exchange Index (PSEi) climbed 1.33 percent or 95.84 points to end the week at 7,306.74, while the wider All Shares inched up by 0.77 percent or 32.04 points to close at 4,191.07.