Tranding at the Pakistan Stock Exchange (PSX) was halted for an hour after it surged more than 7,000 points at around midday on Wednesday.
The stoppage was applied according to trading rules as the KSE-100 index climbed 7,461.58 points, or 4.78%, to 156,204.89, up from the previous session’s 148,743.31. The PSX maintained its bullish momentum, recording notable gains amid optimism over a potential de-escalation in the Middle East.
On the global front, stocks and bonds rallied and the dollar wallowed at the start of the Asian trading session on Wednesday, amid hopes of de-escalation in the Iran conflict, while significantly better-than-expected economic data for March propelled a rebound in Korean and Japanese shares.