Pakistan Stock Exchange (PSX) witnessed a remarkable surge at the start of trading today, with the benchmark KSE-100 index skyrocketing by 4,332 points shortly after the market opened, restoring four key levels in one go.
The sharp rally comes in the wake of the Iran-Israel ceasefire, boosting investor confidence and driving strong buying across the board.
Stock analysts predict a powerful rebound throughout the day as market sentiment improves.
Currency brokers also reported a major breakthrough in resolving the power sector’s circular debt issue. The government is expected to soon secure a low-cost loan of Rs 1,275 billion from banks, which is likely to further lift investor confidence.
