Karachi, Pakistan – Web Desk: Pakistan’s stock market surged to record highs on Wednesday as a ceasefire between the United States and Iran triggered a powerful investor rally at the Pakistan Stock Exchange (PSX).
The benchmark KSE-100 Index closed at 165,811 points, marking its largest-ever single-day gain of 14,138 points, or 9.32%, driven by renewed investor confidence and easing geopolitical tensions.
Trading opened with strong bullish momentum, with the index rising sharply at the opening bell. Gains exceeded 8%, prompting a temporary trading halt at 9:37am under PSX regulations after the KSE-30 Index climbed more than 5%. Market activity resumed at 10:42am, with sustained buying pushing the index to an intraday high of 165,924 before closing slightly lower.
Market analysts described the rally as extraordinary, attributing it to declining global oil prices, improved investor sentiment, and reduced geopolitical risk following the ceasefire.
The truce, reportedly facilitated by Pakistan, sparked a broader global relief rally. Equity markets across the United States, Europe, and Asia posted gains, while oil prices dropped sharply amid expectations of stable energy supply routes, particularly through the Strait of Hormuz.
Experts said Pakistan’s diplomatic role in easing tensions between Washington and Tehran helped shift market sentiment, unlocking strong upside potential in equities. However, they cautioned that the ceasefire remains temporary, and any escalation could reintroduce volatility.
Attention is now turning to monetary policy, with the State Bank of Pakistan closely monitoring global developments and their economic impact.
Prime Minister Shehbaz Sharif welcomed the ceasefire and invited delegations from both countries to Islamabad on April 10 for further negotiations aimed at achieving a lasting agreement.
The breakthrough followed discussions involving Donald Trump and Pakistan’s leadership, including Field Marshal Asim Munir.
Globally, markets reacted swiftly, with US crude prices falling around 15% and Brent crude declining by approximately 13%, reflecting optimism over reduced geopolitical risks.
Despite the historic rally, analysts noted that investors remain cautious and are watching for signs of a sustained diplomatic resolution before making long-term commitments.
