Summary Pakistan’s benchmark index rose over 3,000 points, recovering the 178,000-point level.
KARACHI (Dunya News) - Pakistan’s stock market witnessed a positive trend on Thursday, with the benchmark index regaining the 178,000-point level.
At the start of trading on the fourth day of the business week, the Pakistan Stock Exchange (PSX) saw strong activity, with the index rising by more than 3,000 points to reach 178,317 points.
The benchmark KSE-100 index had closed at 175,285 points at the end of the previous trading session.
The latest rally follows Wednesday’s rebound, when investors took advantage of lower share prices to partially recover losses suffered a day earlier.
On Tuesday, the KSE-100 Index had plunged by 6,408.23 points as renewed military tensions between the United States and Iran triggered panic selling. Investors were concerned that the escalating conflict could disrupt energy supplies through the strategically important Strait of Hormuz, weighing heavily on market sentiment.
Market analysts attributed the rally to easing geopolitical concerns after US President Donald Trump signalled that Iran was interested in negotiating with Washington. Speaking on Wednesday, Trump said Tehran was keen to reach a settlement, raising hopes that diplomatic efforts could help reduce regional tensions.
