Pakistan Stock Exchange Surges Over 5,600 Points After Trump Announces Ceasefire

The Pakistan Stock Exchange (PSX) witnessed a significant surge on Tuesday morning, with the KSE-100 Index rising over 5,600 points following US President Donald Trump's announcement of a ceasefire between Iran and Israel.

According to the PSX website, the market opened positively, and the KSE-100 reached 120,719 level, up by 4551.53 points or 4% as of 09:37 AM.

Various sectors such as automobile assemblers, commercial banks, oil and gas exploration companies, and power generation stocks experienced increased buying activity. Major index stocks like HUBCO, ARL, SSGC, PSO, MARI, OGDC, PPL, POL, UBL, and HBL all showed positive movements.

By 11:12, the KSE-100 was at 121,810.70, marking a gain of 5643.23 points or 4.86% from the previous close of 116,167.47 points.

Market analysts attribute this surge to the ceasefire announcement and a notable decrease in international oil prices, leading investors to believe that the geopolitical situation will stabilize.

The rally on Tuesday followed a sharp decline in the PSX on Monday due to escalating tensions after a US attack on Iran, resulting in a loss of nearly 3,900 points.

US President Donald Trump confirmed a ceasefire between Israel and Iran, urging both countries to adhere to it, shortly after Iran launched missiles that caused casualties in Israel.

Global markets reacted positively to the ceasefire news, with shares and oil prices experiencing significant movements.