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The benchmark KSE-100 index at the Pakistan Stock Exchange jumped more than 12,000 points in trading at one point, marking its largest intraday gain in absolute terms. This prompted an automatic temporary halt in trading under exchange regulations designed to manage extreme volatility.
The rally came after confirmation of a two-week ceasefire agreement between Washington and Tehran. Under the arrangement, the United States agreed to pause planned military operations, while Iran committed to reopening the Strait of Hormuz, a vital global oil shipping route responsible for transporting a significant share of the world’s energy supplies.
Investors had been on edge for weeks as escalating tensions in West Asia triggered sharp market swings. The KSE-100 index had previously suffered a major setback on March 2, plunging more than 16,000 points amid reports of a high-profile assassination tied to the Supreme leader.
Pakistan’s leadership welcomed the development. Officials indicated that the ceasefire could pave the way for diplomatic negotiations, with discussions potentially taking place in Islamabad in the coming weeks. Government representatives expressed hope that the temporary truce would evolve into a more durable agreement.
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https://economictimes.indiatimes.com/markets/stocks/news/pakistan-stocks-see-biggest-ever-surge-after-us-iran-ceasefire-kse-100-jumps-12000-points/articleshow/130116925.cms
