Karachi: The Pakistan Stock Exchange (PSX) witnessed a powerful rally at the start of trading on Wednesday, with the benchmark KSE-100 Index surging by 12,362 points, or 8.5 percent, to reach an all-time high of 164,035 points.The sharp rise triggered a temporary suspension of trading for one hour after the index crossed the 5 percent threshold, in line with market regulations designed to control excessive volatility.Market analysts attributed the bullish momentum to renewed investor confidence following a major geopolitical development.
US President Donald Trump announced a two-week ceasefire with Iran, easing fears of further escalation in the region.The announcement came shortly before a deadline set by Washington for Tehran to reopen the Strait of Hormuz, amid heightened tensions and threats of potential military action targeting civilian infrastructure.According to reports, Iran has indicated that talks between the two countries are expected to begin on Friday in Islamabad, with Pakistan playing a mediating role in facilitating the ceasefire. However, the United States has not yet formally confirmed in-person negotiations, stating that discussions are still ongoing.
President Trump said Iran had presented a 10-point proposal, describing it as a “workable basis” for negotiations. He expressed optimism that an agreement could be reached within the two-week ceasefire period.Meanwhile, strong buying activity was observed across key sectors at the PSX, reflecting improved market sentiment driven by easing geopolitical tensions and expectations of regional stability.
