PSX surges nearly 7,000 points amid US‑Iran deal hopes

Pakistan Stock Exchange (PSX) on Wednesday jumped 7000 points as easing geopolitical tensions ignited a strong revival in investor confidence, fueling a market rebound. 

The market opened on a vibrant note and rejoiced in the news that the US President signalled a temporary pause in operations to escort ships through the Strait of Hormuz, citing progress towards a broader agreement with Iran. 

A strong bullish trend dominated the session throughout the session, with the index oscillating between an intra-day high of 172,088.58 and a low of 167,354.44. Eventually, the benchmark KSE-100 index added a staggering 6,962.29 points, or 4.23%, to close at 171,704.76. 

KTrade Securities’ Ahmed Sheraz noted that the KSE-100 delivered a powerful rebound, closing at 171,704, up 6,962 points (+4.23% DoD), marking a standout session with broad-based strength. Momentum remained firmly positive throughout the day, supported by strong volumes in KSE100 of 562 million shares, reflecting aggressive participation and renewed risk appetite after recent volatility.