The Pakistan Stock Exchange opened with a strong rally gaining over 1,400 points. It crossed the 181,000-point threshold.
Trading at the Pakistan Stock Exchange opened with a strong rally as investors actively bought shares across major sectors.
Market Performance and Index Gains
Nearby market sentiment turned bullish right from the opening bell. The benchmark KSE-100 index initially gained around 700 points at the start of the session. Buying momentum grew stronger as trading continued. The index went up by 1,414 points to reach 181,429 points. With this sharp increase the market comfortably reclaimed the key 181,000-point mark.
Key Drivers Behind the Rally
Market experts pointed to several global and regional developments that boosted investor confidence. It includes
- Progress in diplomatic talks between Iran and the United States.
- Easing of regional geopolitical tensions.
- Reopening of the Strait of Hormuz for international shipping
- A drop in global crude oil price
