MARKET
Pakistan Stock Exchange Surges Over 12,000 Points After US–Iran CeasefireThe benchmark KSE-100 Index at the Pakistan Stock Exchange witnessed a massive rally on Wednesday, gaining over 12,000 points in early trading following a two-week ceasefire agreement between the United States and Iran, reportedly facilitated by Pakistan.
At 9:37am, the index surged to 164,035.83 points, up by 12,362.38 points or 8.15%, triggering a market halt in line with PSX regulations after a sharp rise in the KSE-30 Index.
Broad-based buying was observed across key sectors including cement, banking, oil and gas, OMCs, and power generation, with major stocks trading in the green.
Market analysts attributed the rally to improved investor sentiment following easing geopolitical tensions and expectations of stable global oil flows. The ceasefire announcement by Donald Trump, welcomed by Shehbaz Sharif, also supported global markets, where equities surged and oil prices declined sharply.
Experts cautioned, however, that the sustainability of the rally would depend on further progress toward a lasting agreement between the two countries. – ER News Desk
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