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The Pakistan Stock Exchange\u2019s (PSX) benchmark index KSE-100 surged by almost 14,000 points during intraday trade on Wednesday as investors reacted to the positive developments of a ceasefire between the United States and Iran.<\/p>\n
The KSE-100 index surged by 12,362.38 points, or 8.15 per cent, to stand at 164,035.83 shortly after opening. Subsequently, trading was temporarily suspended in accordance with PSX regulations.<\/p>\n
As of 3:08pm, the market had gained 13,925.47 points, or 9.18 per cent, from the previous close of 151,673.45 to stand at 165,598.92.<\/p>\n
The gains mark the highest single-day rally in absolute terms in PSX history, surpassing the previous highest-ever gain<\/a> of 10,123<\/a> (9.45pc) on May 12, 2025, after Pakistan shot down seven Indian fighter planes.<\/p>\n On Tuesday, the PSX had closed up by 465.64 points after witnessing extreme volatility<\/a> as investors had remained highly nervous ahead of the expiry of a US deadline<\/a> for Iran to agree to a deal.<\/p>\n Analysts believe that the ceasefire will be crucial for the short-term market direction.<\/p>\n Any de-escalation in the Middle East could stabilise sentiment and reduce oil price pressures, and vice versa. This could restore investor confidence, increase inflows, and support a recovery in the PSX.<\/p>\n The PSX had witnessed huge single-day losses<\/a> since the US-Israel war on Iran began. It had witnessed the steepest single-day plunge<\/a>, shedding 16,089 points (or 9.57pc), on March 2 following the assassination<\/u><\/a> of Iran\u2019s supreme leader Ayatollah Ali Khamenei.<\/p>\n <\/div>\n<\/figure>\n