KARACHI: Reports of a possible easing of tensions between Iran and the US boosted investor confidence on the Pakistan Stock Exchange (PSX), which led to a significant rally in the market on Wednesday and the benchmark KSE-100 index again rose above the 180,000-point mark.
Investors actively bought in various sectors during the trading session, which gave a positive overall trend to the market. According to analysts, expectations of a reduction in geopolitical risks globally played a significant role in improving the investment trend in emerging markets, which also benefited the Pakistan Stock Exchange.
The KSE-100 index reached a high of 180,202 points during trading, while at the end of the business, the index closed at 180,014 points, up 2,931 points. The index continued to move within the 1,690-point range throughout the session, reflecting strong investor interest.
According to market data, more than 740 million shares were traded during the trading day, with a total value of about Rs 35 billion. At the same time, market capitalization increased by Rs 257 billion, after which its total volume reached Rs 20,090 billion.
Experts say that if global conditions remain stable and local economic indicators also remain favorable for investors, then there may be a positive impact on the direction of the market in the coming sessions. However, they also emphasized that investors will continue to keep an eye on global political developments, oil prices and economic policies.