PSX soars to record high as ceasefire spurs market optimism
KARACHI The Pakistan Stock Exchange witnessed a historic rally on Monday, with the KSE-100 index surging by 9,928 points to 117,104.11, the largest single-day gain in index points on record. The sharp rebound followed the announcement of a ceasefire between Pakistan and India, which eased regional tensions and revived investor confidence.
Trading was temporarily suspended under circuit breaker rules due to the exceptional volatility. Market sentiment was further buoyed by the International Monetary Fund’s approval of a $1 billion loan tranche and an additional $1.4 billion under the Resilience and Sustainability Facility , providing critical financial support. Analysts attributed the surge to improving geopolitical stability, the State Bank of Pakistan’s recent 100bps rate cut, and encouraging trade signals from the United States. Following weeks of steep losses amid cross-border hostilities, Monday’s rally marks a significant turnaround, with investors now shifting their focus to the upcoming federal budget and broader economic recovery.
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