The Pakistan Stock Exchange (PSX) witnessed a massive rally on Monday as the benchmark KSE-100 Index jumped by more than 4,000 points following reports of a preliminary agreement between the United States and Iran.
Investor confidence strengthened after news of the diplomatic breakthrough eased fears of escalating tensions in the Middle East. Market analysts said the development improved sentiment across regional financial markets, encouraging strong buying activity at the PSX.
The rally was mainly driven by gains in banking, oil and gas, cement, fertilizer, and energy sector stocks. Experts believe reduced geopolitical uncertainty could help stabilize global oil markets and support economic activity in emerging economies, including Pakistan.
Traders also linked the bullish momentum to improving economic indicators and expectations of increased foreign investor interest in Pakistan’s equity market. The KSE-100 Index maintained strong upward momentum throughout the trading session as investors reacted positively to the international development.
