Easing geopolitical tensions saw the Pakistan Stock Exchange (PSX) KSE-100 Index gain 1,400 points on Friday to trade around 1,66,961 points.
Strong mid-day trading pushed the index to an intra-day high of 1,68,290 before settling in positive territory, reflecting a restoration of investors confidence because of the easing geopolitical tensions.
Pakistan has beefed up security in the national capital as it prepares to host a high-stakes talks – brokered by Islamabad – between the US and Iran, three days after a conditional ceasefire was announced after more than five weeks of hostilities.
Financial analysts said that the market volume stood at approximately 181.6 million shares with a traded value of 17.76 billion Pakistani rupees (PKR).
Sectors such as textiles, fertilisers, oil and gas, along with banks, saw notable activity, with several scrips posting healthy gains.
Following the ceasefire agreement between Iran and the US, the index had surged by over 14,000 points, the largest ever single day gain in PSX history on Wednesday.
Analyst Kaukab Farshori of Capital Investments said that a report by the Asian Development Bank (ADB) on Friday had also boosted confidence in the market.
The ADB report said that Pakistan's economy is expected to grow by 3.5 per cent in fiscal year 2026 and 4.5 per cent in FY2027, as a recovery in manufacturing and rising investment sustained momentum following stabilisation in FY2025.
“The micro-economic trends and Pakistan's growing importance in global peace developments is good for the market,” he said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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