In an electrifying turn of events, the Pakistan Stock Exchange (PSX) on Monday staged its highest single-day rally, driven by a host of positive developments, most significant of which included the surprise ceasefire with India and President Trump's offer to mediate in the Kashmir dispute. Additionally, Trump's encouragement towards increased trade and the IMF's approval of $2.4 billion in disbursements, with $1 billion coming from its Extended Fund Facility (EFF) and $1.4 billion from the Resilience and Sustainability Facility (RSF), played a key role in the unprecedented bull run.
Market momentum was further amplified by a surge in global equities and crude oil prices post-trade deal between the US and China as well as policy easing by the State Bank of Pakistan (SBP). There was widespread enthusiasm as investors engaged in a buying spree, triggering a halt to trading moments after the opening bell. The KSE-30 index surged over 5% for five straight minutes.
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