The Pakistan Stock Exchange (PSX) surged sharply on Monday, buoyed by news of easing geopolitical tensions between Pakistan and India. The benchmark KSE-100 index skyrocketed by an unprecedented 9,928 points during intra-day trading, reaching a record high of 117,104.11 points — the largest single-day points gain in the market’s history.
The index jumped over 9% from the previous close of 107,174.63 points, triggering a temporary suspension of trading under market regulations designed to manage extreme fluctuations. Analysts credited the sharp rally to renewed investor confidence following the announcement of a ceasefire between the two nuclear-armed neighbours, which helped dissipate fears of further military escalation.
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By the time trading was halted, the market had witnessed over 60 million shares traded, with a turnover exceeding Rs4.37 billion, according to PSX data. Trading resumed at 10:42 am, with investors continuing to react positively to the geopolitical developments.
The sharp rebound comes after a tumultuous week in which the KSE-100 index plunged 6,939 points (-6.08%) amid rising tensions with India and economic uncertainty. Key sectors including banks, exploration and production, cement, and technology all weighed heavily on the index during the downturn. However, Monday’s rally signals renewed optimism as both political and economic risks show signs of subsiding.
