KARACHI: The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on the last trading day of the week, with the benchmark KSE-100 Index gaining more than 1,900 points during intraday trading.
Read More: PSX surges over 14,137 points amid improving regional situation
The rally comes in the wake of a ceasefire in the Middle East, which has improved investor sentiment and boosted confidence in regional markets. At the start of trading, the KSE-100 Index surged by 1,932 points, reflecting renewed buying activity across key sectors.
According to market data, the index climbed 1.17 percent to reach 167,449 points, signaling a continuation of the upward momentum seen in recent sessions. Analysts attribute the surge to easing geopolitical tensions, which have reduced uncertainty and encouraged both local and foreign investors to re-enter the market.
Market participants noted that sectors such as banking, energy, and cement led the rally, with investors capitalizing on attractive valuations and improved economic outlook. The positive sentiment was further supported by stability in global commodity prices and expectations of continued policy support.
Meanwhile, Asian stock markets also showed a broadly positive trend. Benchmark indices in Japan, South Korea, and Indonesia recorded gains of around 2 percent each. Markets in India and Vietnam were up by approximately 1 percent, while indices in Shanghai and Hong Kong posted modest gains of less than 1 percent.
Read More: PSX surges as ceasefire lifts investor sentiment
The synchronized regional uptrend indicates a broader recovery in investor confidence following recent geopolitical developments. Experts believe that if stability persists, the PSX could maintain its upward trajectory in the coming sessions.