Investor confidence soared as optimism surrounding a potential US-Iran peace agreement pushed Pakistan’s benchmark stock index to a record-breaking close.
Pakistan’s stock market delivered a historic performance on Monday, with the benchmark KSE-100 Index recording its largest-ever single-day points gain as investors reacted positively to reports of progress in US-Iran peace negotiations.
The Pakistan Stock Exchange (PSX) witnessed a powerful rally, with the KSE-100 Index surging by 4,639 points, or 2.69 percent, to settle at an all-time closing high of 177,039 points. During the trading session, the index also touched a record intra-day peak of 177,176 points, highlighting strong buying interest across key sectors.
Market participants attributed the extraordinary gains to growing expectations that the United States and Iran could reach a formal agreement aimed at ending hostilities and reopening the strategically important Strait of Hormuz. The development eased concerns about disruptions to global oil supplies and improved investor sentiment across regional markets.
The rally significantly boosted market value, adding approximately Rs612 billion, or around $2.2 billion, to the overall capitalization of listed companies.
Trading activity remained broadly positive, reflecting widespread investor confidence. Of the 564 actively traded stocks, 349 recorded gains, while 119 declined and 96 remained unchanged.
About The Author
