KARACHI: After the complete and immediate ceasefire agreement between Pakistan and India, the Pakistan Stock Exchange (PSX) has experienced a remarkable rally.
The benchmark 100-index surged by 9,900 points, reaching a new high of 117,100 points, signaling positive investor sentiment and renewed optimism in the market, after that trading was suspended for one hour.
Trading on the PSX was temporarily halted amid the substantial gains, reflecting heightened market activity.
The hundred index closed at 107,174 points on Friday, underscoring the significant upward momentum seen this week.
The recent tensions between the two nations had caused volatility in the Pakistani stock market.
While the Indian indices, Sensex and Nifty remained in negative territory throughout last week. The Indian stock markets declined approximately 1.3%, with analysts estimating that India has incurred an economic loss of around $83 billion due to its aggressive stance.
