Karachi: Strong bullish momentum was witnessed at the start of the third trading day at the Pakistan Stock Exchange.
During early morning trading, the market surged by more than 3,900 points, pushing the benchmark KSE-100 Index to 152,707 points.
Later in the session, the upward trend intensified further, with a massive gain of 6,337 points recorded in the market.
As a result, the KSE-100 Index climbed to 155,081 points, reflecting renewed investor confidence and strong buying activity.
Impact of Reports of Imminent End to Iran War: Crude Oil Prices Decline
The positive market sentiment is partly attributed to reports indicating a possible end to the ongoing U.S-Iran conflict, which has had notable effects on global commodity prices.
Crude oil markets responded to these developments with a sharp decline; Brent Crude oil prices fell from $118 to below $102 per barrel, while WTI Crude dropped to $100.55 per barrel.
In addition to the commodities market, US stock indices posted impressive gains. The Dow Jones Industrial Average increased by 2.5%, the S&P 500 gained 2.91%, and the NASDAQ Composite soared by 3.83%, signaling strong global investor confidence amid easing geopolitical tensions.
Market analysts suggest that the optimism surrounding the potential resolution of regional conflicts is boosting investor sentiment both locally and internationally, leading to robust buying activity and positive momentum across markets.
