PSX gains over 12,000 points as investors glee over US-Iran ceasefire
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The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 surged by over 12,000 points during intraday trade on Wednesday as investors reacted to the positive developments of a ceasefire between the United States and Iran.
The KSE-100 index surged by 12,362.38 points, or 8.15 per cent, to stand at 164,035.83 at 9:37am.
Subsequently, trading was temporarily suspended in accordance with PSX regulations.
The gains mark the highest single-day rally in absolute terms in PSX history, surpassing the previous highest-ever gain of 10,123 on May 12, 2025, after Pakistan shot down seven Indian fighter planes.
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