The Pakistan Stock Exchange (PSX) witnessed a strong comeback as bullish momentum pushed the benchmark KSE-100 Index sharply higher during early trading hours.
The index surged by more than 4,500 points at one stage, reflecting renewed investor confidence.
According to market data, the index reached a high of 157,442.68 shortly after opening. By 9:50 am, it was hovering at 155,301.79, gaining 2,561.42 points or 1.68%. The rally was driven by positive developments on both local and global fronts.
Investors responded to reports that Pakistan is actively working to ease tensions in the Middle East through diplomatic efforts.
The situation improved further after US President Donald Trump announced a five-day pause in the conflict, which helped reduce uncertainty in global markets. At the same time, oil prices dropped below $100 per barrel, providing additional relief to investors.
Buying activity remained strong across major sectors, including automobile assemblers, cement, commercial banks, and oil and gas companies. Key stocks such as Habib Bank Limited, MCB Bank, Oil and Gas Development Company, and Pakistan State Oil recorded notable gains.
The market’s recovery comes after a difficult period, as the KSE-100 Index had declined for eight straight weeks previously.
Globally, markets showed mixed trends. Asian markets moved higher, while US and European futures remained cautious. Meanwhile, oil prices showed slight gains again due to ongoing uncertainty.
Overall, the sharp rise at the PSX highlights how improving geopolitical conditions and falling oil prices can quickly boost investor sentiment and market performance.