PSX Surges as Iran-US Ceasefire Boosts Investor Confidence

Islamabad: (Web Desk) – The Pakistan Stock Exchange (PSX) opened the week on a positive note on Monday as investor confidence improved following the suspension of renewed hostilities between Iran and the United States.

The benchmark KSE-100 Index gained more than 600 points during early trading. By 10:35am, the index had climbed 675.25 points, or 0.37 percent, to reach 180,346.51.

Strong buying activity was witnessed across major sectors, including cement, commercial banks, oil and gas exploration, oil marketing companies (OMCs), power generation, and refineries. Heavyweight stocks such as HUBCO, Attock Refinery Limited (ARL), Mari Energies, Pakistan Petroleum Limited (PPL), Pakistan Oilfields Limited (POL), Habib Bank Limited (HBL), National Bank of Pakistan (NBP), and United Bank Limited (UBL) traded in positive territory.

The market’s upward momentum follows last week’s gains, when the KSE-100 Index advanced by 648.50 points, or 0.36 percent, to close at 179,571.27. Analysts attributed the rally to easing geopolitical tensions in the Middle East, investor-friendly amendments to the FY27 Finance Bill, and lower domestic fuel prices, all of which boosted market sentiment.

KSE-100 Gains Today Iran Deal Lifts Pakistan Stocks

Meanwhile, Asian markets showed mixed performance as investors remained cautious despite the halt in hostilities between Iran and the US. Concerns over the durability of the peace agreement and its impact on global oil supplies continued to influence market sentiment.