Surge driven by improved diplomacy, India ceasefire, and IMF\u2019s approval of key financial package
\n Islamabad
\nThe Pakistan Stock Exchange (PSX) extended its rally, with the benchmark KSE-100 Index once again surpassing the 120,000 points mark during intra-day trading on Tuesday.
\nThe surge was fuelled by a combination of improved diplomatic and economic developments, including the recent ceasefire agreement with India, and the International Monetary Fund\u2019s (IMF) approval of a key financial package.
\nDuring intra-day trading, the KSE-100 Index rose by 2,769.39 points\u2014or 2.36%\u2014to reach an intraday high of 120,067.12, rebounding from the previous close of 117,297.73.
\nThe momentum followed Monday\u2019s record-breaking gains, as investors responded positively to signs of macroeconomic stability and easing regional tensions. According to PSX data, the market had recorded a trading volume of 140.7 million shares, valued at Rs17.07 billion. This marks the index\u2019s return above the 120,000 threshold, last crossed on April 4.
\nThe stock market earlier 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\u2019s offer to mediate in the Kashmir dispute.
\nAdditionally, Trump\u2019s encouragement towards increased trade and the IMF\u2019s 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.
\nThe KSE-30 index surged over 5% for five straight minutes. The pause did little to cool investor sentiment, and the KSE-100 index shot up to the intra-day high of 10,153 points, before cooling slightly to 10,123 points at 117,297.
\nAfter a week of market gloom driven by regional unrest, a surprise ceasefire breakthrough and a multibillion-dollar IMF assistance served as a cocktail of catalysts that sent the market soaring.
\nWith diplomacy soothing nerves and dollars flowing in, the PSX didn\u2019t just bounce; it roared back to life, kicking off the week with a blaze of renewed confidence, reported Topline.<\/p>\n","protected":false},"excerpt":{"rendered":"
Surge driven by improved diplomacy, India ceasefire, and IMF\u2019s approval of key financial package Islamabad The Pakistan Stock Exchange (PSX) extended its rally, with the benchmark KSE-100 Index once again surpassing the 120,000 points mark during intra-day trading on Tuesday. The surge was fuelled by a combination of improved diplomatic and economic developments, including the […]<\/p>\n","protected":false},"author":2,"featured_media":466983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-478198","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n