The Pakistan Stock Exchange (PSX) opened on a distinctly bullish note as hope for second round of peace talks are under consideration. The benchmark KSE-100 Index rose sharply in early hours, reflecting a wave of optimism among investors. At 9:39 am, the index was hovering around 164,322.07, with gains of 3,730.74 points or 2.32%. It was then trading at 164,782.58, advancing with 4,191.25 points, or 2.61% at 12:34 pm.
The momentum takes place as hopes of a possible resumption of peace talks between the United States and Iran, revive possibilities of de-escalation in a conflict that has impacted global financial markets.
The shift in sentiment comes in stark contrast to the previous session, where the market endured heavy losses amid failed negotiations and a spike in oil prices, triggering widespread panic selling across sectors.