The Pakistan Stock Exchange (PSX) benchmark KSE-100 index surged more than 2,800 points during intraday trading on Monday, propelled by a preliminary agreement between the United States and Iran aimed at de-escalating a conflict that has roiled global markets for over three months.
By 11:00 a.m., the KSE-100 had climbed 2,836 points, or 1.65%, from the previous close of 172,399 to reach 175,236 points.
The rally extends last week’s positive momentum, during which the index breached the 172,000-point threshold as investors welcomed easing geopolitical risks, declining crude prices, and favorable economic data ahead of the federal budget announcement. Trading remained measured on the budget day as participants awaited fiscal policy details.
According to Topline Securities, the KSE-100 posted a weekly gain of 1.13%, adding 1,921 points to close at 172,400. The advance was underpinned by improving risk appetite fueled by optimism over the US-Iran negotiations and a drop in international oil prices.
Also Read
- Iran War Live Updates: U.S. and Tehran Agree on Framework for Peace
- Chinese authorities detain two prominent underground church leaders
- U.S. and Iran Reach Understanding to Conclude Conflict and Reopen Hormuz Strait
- Beeks Secures Third Market Edge Intelligence Deal, Lifting June Contract Value to $10 Million