The Pakistan Stock Exchange witnessed a powerful PSX rally on Monday as the benchmark KSE-100 Index surged more than 2,500 points during intraday trading. Investor confidence strengthened after reports suggested possible progress in peace talks between the United States and Iran.
The KSE-100 Index climbed to around 170,423 points by early afternoon, gaining nearly 1.54% from the previous session. During the trading day, the market also touched an intraday high above 171,500 points, reflecting strong bullish momentum across major sectors.
Analysts said the ongoing PSX rally was largely supported by easing geopolitical tensions in the Middle East. Optimism surrounding potential diplomatic progress between Washington and Tehran improved market sentiment and encouraged investors to increase their exposure to equities.
Institutional investors played a major role in driving the market upward. Strong buying activity was observed in banking, energy, and cement stocks as investors responded positively to improving regional stability and expectations of better economic conditions.
Trading activity also remained healthy throughout the session. Market data showed that more than 125 million shares were traded, while the total value of shares exchanged crossed Rs11 billion. Experts noted that increased participation reflected renewed confidence in Pakistan’s capital market.
The benchmark index had closed at 167,844 points in the previous session before Monday’s sharp recovery. Financial experts believe the current PSX rally could continue if geopolitical conditions remain stable and foreign investor sentiment improves further in the coming days.
Market participants are now closely monitoring global political developments and economic indicators. Analysts say sustained progress in US-Iran negotiations, combined with local economic reforms, may help maintain positive momentum at the Pakistan Stock Exchange in the near future.
