KARACHI: The Pakistan Stock Exchange surged on Tuesday, with investor confidence strengthening amid expectations of easing tensions in the Middle East.
The benchmark KSE-100 Index recorded strong gains during intraday trading, climbing as high as 157,442.68 up 4,702.31 points, or 3.08%. At its lowest point of the session, the index still remained positive at 153,382, reflecting a gain of 641.63 points (0.42%) compared to the previous close of 152,740.37.
Market sentiment was largely driven by optimism surrounding a possible de-escalation in regional conflicts. Adding to the positive momentum were reports suggesting that Pakistan could be playing a diplomatic role between the United States and Iran.
According to market analysts, the bullish opening reflected renewed investor confidence tied to geopolitical developments and Pakistan’s growing strategic importance on the global stage.
Meanwhile, Donald Trump stated that he had delayed potential military action against Iranian power facilities for five days, citing “productive” discussions aimed at resolving tensions in the region.
However, conflicting signals emerged as Iranian sources denied any direct or indirect negotiations with Washington. Officials also reiterated that no talks were planned and indicated that the strategically critical Strait of Hormuz would remain effectively closed.
Across Asia, equity markets initially rallied on hopes of de-escalation, with major indices posting gains before trimming them later in the session. Oil prices, after a sharp drop a day earlier, edged slightly higher as uncertainty over the situation persisted
