PSX Rallies After Pakistan’s Firm Response to Pahalgam Incident
Web Desk
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7 months ago
KARACHI: The Pakistan Stock Exchange (PSX) made notable gains on Monday, buoyed by improved investor sentiment after Pakistan’s firm response to India’s actions following the Pahalgam tragedy.
During early trading hours, the benchmark KSE-100 index surged by 1,100 points, reaching 116,658. However, as the session progressed, market volatility returned, and the index saw a decline.
Market analysts attribute the initial rally to Pakistan’s strong and composed stance on recent geopolitical developments, which helped restore some degree of investor confidence. Nevertheless, they caution that market fluctuations are expected to continue amid lingering regional uncertainties.
The PSX had already shown signs of recovery on Friday, following a sharp dip earlier in the week due to heightened tensions between Pakistan and India. On the last trading day of the week, the index gained over 800 points, hitting 115,844 points during the session before closing at 115,469 points.
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