Karachi, Pakistan – Web Desk: Pakistan’s stock market opened sharply lower on Thursday but quickly rebounded, reflecting continued investor optimism following the recent United States–Iran ceasefire.
The benchmark KSE-100 Index at the Pakistan Stock Exchange initially plunged by 3,400 points, falling to 162,411 during early trading amid profit-taking after the previous session’s historic rally.
However, losses narrowed as the session progressed, with the index recovering to 164,399, down 1,410 points at one stage. Later, renewed buying momentum pushed the market into positive territory, with the KSE-100 gaining 102 points to reach 165,913.
Market analysts attributed the early decline to short-term correction following Wednesday’s record-breaking surge, when the index soared by over 12,900 points in response to easing geopolitical tensions.
The rally was driven by a Pakistan-facilitated ceasefire between the United States and Iran, which triggered a strong rebound in global equities and a sharp drop in oil prices. The improved outlook has boosted investor confidence across regional and international markets.
On Wednesday, trading activity was temporarily halted for an hour after sharp gains triggered regulatory thresholds. Upon resumption, bullish sentiment persisted throughout the session.
Global markets have also responded positively to the ceasefire, with equities rising across Asia-Pacific and energy prices easing. However, analysts caution that oil prices remain above pre-conflict levels seen before February 28, when crude traded near $70 per barrel.
Despite the volatility, experts say continued diplomatic progress and stability in the Middle East could further support market sentiment, though risks remain if tensions resurface.
