The Pakistan Stock Exchange (PSX) erupted in celebration on Wednesday as investors cheered the global peace momentum brokered by Pakistan and easing tensions between Iran and the United States, triggering a wave of aggressive buying across the market.
The benchmark KSE-30 index rallied sharply, sparking a powerful surge that led to a market halt after crossing the 5% upper threshold, in accordance with PSX regulations. The rally reflected a jubilant mood on the trading floor, with participants rushing to capitalise on the improved geopolitical outlook.
Following the resumption at 10:42am, the celebration continued as bullish momentum intensified. The index climbed further to 164,973.53, gaining 13,300.08 points (8.77%), underscoring strong investor confidence and widespread optimism. Earlier in the session, the market had already been in a festive mood, reaching 164,035.83 (+8.15%) at around 9:57am.