Manila, June 25 -- The local stock barometer went up on Wednesday as markets welcome the ceasefire between Israel and Iran, while the peso returned to the 56 to a dollar level.

The Philippine Stock Exchange index (PSEi) went up by 0.52 percent to 6,325.64 while All Shares closed at 3,754.43, also higher by 0.41 percent.

"Philippine shares rose and oil prices sank as markets welcomed a fragile ceasefire between Israel and Iran, despite mutual accusations of violations. President Trump confirmed the truce remains in effect, though he voiced frustration with both sides," Regina Capital Development Corp. head of sales Luis Limlingan said.

Limlingan said Brent crude tumbled 6.10 percent to USD67.14 per barrel, as traders grew increasingly c...