Karachi, Pakistan – Web Desk: The Pakistan Stock Exchange (PSX) extended its bullish momentum on Wednesday, as easing geopolitical tensions and declining oil prices boosted investor sentiment.
The benchmark KSE-100 Index surged by 1,559.95 points, reaching 155,526.31, marking a 1.01% gain from the previous close of 153,966.36.
Market confidence improved after global oil prices dropped sharply amid reports of a potential ceasefire between the United States and Iran, which could ease supply disruptions in the Middle East.
Internationally, Brent Crude fell by 4.7% to $99.60 per barrel, while West Texas Intermediate (WTI) declined by 3.8% to $88.81 per barrel. The drop followed volatility in previous sessions, where oil prices had surged nearly 5%.
The PSX rally builds on strong momentum from the previous session, where the KSE-100 index gained over 1,200 points, reflecting a robust recovery after the Eid holidays. During that session, the market reached an intraday high of 157,442.68 points before settling lower.
Analysts say the decline in oil prices has eased concerns over inflation and external account pressures, encouraging investors to re-enter the market. The improving outlook has strengthened expectations for continued stability in Pakistan’s financial markets.
