KARACHI: Stocks at the Pakistan Stock Exchange surged sharply as investor confidence strengthened on expectations of easing geopolitical tensions.
The benchmark KSE-100 Index jumped by 7,719.98 points, or 5.19%, closing at 156,463.29 compared to the previous session’s 148,743.31.
During intraday trading, the market briefly halted around noon after the KSE-30 Index stayed above the 5% circuit breaker limit for five straight minutes, activating an automatic pause. Trading later resumed in the afternoon.
The rally was largely driven by improved global sentiment after Donald Trump hinted at a possible near-term resolution to tensions with Iran. He suggested US forces could withdraw within weeks, while Marco Rubio indicated that direct talks with Tehran may be on the table.
Global markets also reacted positively, with strong gains seen across Asia, including Japan’s Nikkei 225, alongside rallies in Chinese and Hong Kong equities.
Market analysts said the easing outlook for the conflict, combined with improving global equity trends, encouraged buying activity. Investors also moved to capitalize on relatively lower valuations, anticipating stability in oil prices and broader economic conditions.
Experts further noted that supportive factors such as steady remittances, strengthening foreign exchange reserves, and Pakistan’s role in maintaining energy supply chains contributed to the bullish momentum at the local bourse.
