The Pakistan Stock Exchange (PSX) opened the week on a positive and energetic note following the Eid holidays, as investors showed renewed confidence amid signs of a possible diplomatic development that may reduce rising tensions in the Middle East.
By late morning, the benchmark KSE-100 Index had climbed to 154,750.90 points, marking an increase of 2,010.53 points, or 1.32%. This sharp rise reflected a recovery in market sentiment after weeks of downward pressure. During intraday trading, the index reached a high of 157,442.68 and dipped to a low of 154,054.53, while total trading volume stood at 89.1 million shares.
Experts linked the upward momentum largely to improving global signals. Reports suggesting a potential diplomatic move by former US President Donald Trump toward Iran, along with a temporary halt in any immediate military action for five days, provided relief to global markets. These developments reduced investor concerns that had been driven by fears of escalating conflict in the region.
The buying trend was seen across multiple sectors, indicating broad investor participation. Strong activity was recorded in automobile assemblers, cement, commercial banks, oil and gas exploration firms, oil marketing companies, and the power generation sector.
This positive movement comes after a difficult period for the PSX. In the previous week, the market had remained under continuous pressure, marking its eighth consecutive week of losses. Ongoing geopolitical tensions and mixed economic indicators at home contributed to the bearish trend. Over that period, the KSE-100 Index had dropped by 1,126 points, or 0.73%, ending the week at 152,740.37 points.
The latest surge suggests a temporary shift in investor outlook driven by easing global uncertainties.
Also Read: Pakistan Stock Exchange crosses 142,000 milestone
