PSX Surges After Eid Holidays Amid Global Market Optimism

The Pakistan Stock Exchange witnessed a strong positive trend on the first trading day after the Eid-ul-Fitr holidays.

The benchmark KSE-100 Index opened with a sharp gain of 4,449 points, reaching 157,190 points at the start of trading.

During intraday trading, the index maintained its upward momentum and was seen trading at 154,745 points, reflecting a gain of 2,005 points.

Market analysts attribute the bullish sentiment to improved investor confidence and positive cues from global markets.

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The rally follows an announcement by US President Donald Trump to delay potential military action against Iran for five days, easing geopolitical concerns.

Global markets also showed gains, with Japan’s Nikkei rising by 0.75%, South Korea’s Kospi gaining around 2.5%, Shanghai’s stock index up by 1%, and India’s Nifty Fifty advancing by over 1%.

The positive trend across Asian, European, and US markets contributed to renewed optimism at the PSX, with investors expecting continued stability in the coming sessions