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PSX surges

PSX surges over 4,000 points ahead of Eid holidays

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PSX surges

KARACHI: Pakistan Stock Exchange witnessed a strong bullish trend on Monday as investors accelerated buying activity ahead of the Eid holidays.

The benchmark KSE-100 Index recorded a massive gain of 4,013 points during trading, driven by renewed investor confidence and positive regional market sentiment.

Market analysts said optimism grew after reports emerged regarding a possible agreement between the United States and Iran, which supported investor sentiment across financial markets.

Following the sharp rally, the KSE-100 Index climbed to 171,857 points.

Meanwhile, Asian stock markets also traded in positive territory amid improving global investor confidence.

PSX surges over 12,000 points on US-Iran ceasefire

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PSX surges

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a dramatic surge in trading today following the announcement of a two-week ceasefire in the Middle East, brokered by Pakistan.

After U.S. President Donald Trump announced the halt of military action against Iran, PSX saw a strong upward trend, reflecting investor confidence.

On the third day of the trading week, the PSX 100 Index jumped by over 12,000 points at market open.

Trading was temporarily paused due to the surge and resumed at 10:42 AM. Currently, the PSX 100 Index stands at 164,000 points after a gain of 12,362 points.

Global markets also reacted positively: Japan’s Nikkei index rose 5% to 55,960 points, New Zealand’s DJ index increased 2.5%, and Australia’s ASX climbed 2.65%.

The rally follows Pakistan’s successful mediation, after which Iran agreed to a two-week ceasefire and permitted the passage of ships through the Strait of Hormuz, signaling a temporary easing of regional tensions.