Summary The Pakistan Stock Exchange (PSX) closed sharply lower on Monday, with the benchmark KSE-100 index shedding 721 points. The sell-off came after a brief weekend recovery, as fresh Middle East tensions pushed oil prices higher and revived concerns about inflation. Investors pulled out of key sectors including banks, cement, autos and energy stocks as sentiment turned cautious once again. Background Just days earlier, the market had staged a modest recovery, giving investors some relief after a volatile stretch. That calm did not last long. On Monday, fresh reports of…
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PSX Gains Over 12,000 Points as US-Iran Ceasefire Sparks Massive Bull Run
The Pakistan Stock Exchange (PSX) recorded one of its most spectacular single-session rallies as the benchmark KSE-100 index gained over 12,000 points, driven by euphoric investor sentiment following the announcement of a landmark US-Iran ceasefire. The surge reflects a decisive shift from weeks of geopolitical-driven fear to broad-based optimism, as bulls stormed back into the market with full force. The KSE-100 index erupted in a historic rally, following US President Donald Trump’s announcement of a two-week ceasefire agreement with Iran, with both sides agreeing to halt direct military engagement. The…
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