PSX Surges as Pakistan-Brokered US-Iran Ceasefire Boosts Global Markets

KARACHI: Pakistan Stock Exchange (PSX) witnessed a strong rally following the announcement by U.S. President Donald Trump to halt strikes on Iran for two weeks, brokered through Pakistan’s diplomatic efforts. The move has also triggered positive momentum in global stock markets.

On the third day of the trading week, the PSX saw a sharp jump at the opening, with the 100-Index rising by more than 12,000 points. Trading was temporarily halted for regulatory review and resumed at 10:42 AM. The 100-Index currently stands at 164,000 points after a net increase of 12,362 points.

International markets also reflected optimism: Japan’s Tokyo Stock Exchange Nikkei rose by 5% to 55,960 points, New Zealand’s DJ Stock increased by 2.5%, and Australia’s ASX climbed by 2.65%.

The surge follows Pakistan’s successful mediation of a two-week ceasefire between the U.S. and Iran. As part of the agreement, Iran has also permitted ships to safely pass through the Strait of Hormuz