Pakistan stocks rally sharply on fresh hopes of US-Iran deal

Pakistan Stock Exchange – (Web Desk) – The Pakistan Stock Exchange (PSX) had a great day! Its main measure, the KSE-100 index, jumped by 3,893 points, reaching 164,484 points — a rise of 2.37% during the day’s trading.

Investors showed strong confidence, and the market kept moving upward with good energy throughout the day.

According to a financial expert, the PSX rose because stock markets across Asia were also doing well, and oil prices were coming down. The main reason behind this positive mood was the growing hope that the United States and Iran may restart peace talks — and that Pakistan could play a helpful role in bringing both sides together.

“There was more good news too,” the expert added. Reports of a possible financial deposit from Saudi Arabia gave investors even more reason to feel hopeful and confident about Pakistan’s economy.

Meanwhile, Asian stocks advanced while oil prices and the safe-haven dollar fell on Tuesday as investors banked on a resolution to the Middle East war.

Sources told Reuters that Washington and Tehran have left the door open to dialogue, and a US official said there was forward motion on trying to get to an agreement.

Trump may visit Pakistan for Iran peace deal

Investors latched on to hopes for an off-ramp, lifting the overall market mood and sending MSCI’s broadest index of Asia-Pacific shares outside Japan up nearly 2%, while Japan’s Nikkei rose more than 2%.

Nasdaq futures advanced 0.2% while S&P 500 futures held steady, following an overnight rally on Wall Street, while EUROSTOXX 50 futures gained 0.41% ⁠and DAX futures added 0.6%.