KARACHI – The Pakistan Stock Exchange (PSX) witnessed a powerful rally on Tuesday after the US President Donald Trump claimed that Iran and Israel have reached a ceasefire agreement, ending a 12-day war in the region.
The development comes a day after the stock market observed bloodbath as it plunged 3,855.77 points in single day due to increasing tensions in the Middle East following the US strikes on the three Iranian nuclear sites.
Today, the KSE-100 rebounded with full strength crossing the 120,000 psychological barrier. The benchmark index climbed an impressive 4,361.68 points, or 3.75%, to hit 120,529.15 during intraday trading.
This sharp upward movement signals strong investor confidence, driven by improving situation in the Middle East.
During the day, the index also touched an intraday high of 120,647.18, while the low remained at 120,369.53 — showcasing a relatively narrow trading range amid sustained buying pressure.
Trading volume remained robust, with 14.27 million shares changing hands across various sectors.
The market’s strong performance reflects both fundamental improvements and sentiment-driven optimism, said a senior market analyst.
A day earlier, the KSE-100 recorded massive losses as it dipped by 3,855.77 points, a negative change of 3.21 percent, closing at 116,167.47 points.
A total of 595,010,639 shares were traded during the day as compared to 421,643,224 shares the previous trading day, whereas the price of shares stood at Rs 23.488 billion against Rs 15.651 billion on the last trading day.
As many as 468 companies transacted their shares in the stock market, 56 of them recorded gains and 386 sustained losses, whereas the share price of 26 companies remained unchanged.
