PSX gains over 2,500 points as US-Iran peace hopes fuel bullish rally

KSE-100 surges past 170,000 intraday on strong institutional buying, easing geopolitical tensions

KARACHI:

The Pakistan Stock Exchange (PSX) extended strong bullish momentum on Monday as the benchmark KSE-100 Index hovered around 170,423.30 points at 1:24pm, up 2,579.06 points or 1.54% in intraday trade.

During the session, the benchmark index touched an intraday high of 171,519.26 points, while the day’s low was recorded at 170,161.66 points. Market participation remained strong, with traded volume reaching 125.96 million shares and total traded value standing at Rs11.75 billion.

Read: PSX gains 2,248 points in mixed week

Investor sentiment remained upbeat amid reports of a likely peace agreement between the United States and Iran, which boosted confidence across regional markets and improved risk appetite among investors. 

Analysts said the rally was driven by aggressive institutional buying and renewed optimism over easing geopolitical tensions following progress in US-Iran negotiations.

The previous close of the KSE-100 index was 167,844.24 points.