The Pakistan Stock Exchange (PSX) witnessed a strong rally on Tuesday as global markets reacted positively to signals that the war with Iran could soon end.
The surge followed remarks by US President Donald Trump, who said in a recent interview that the conflict with Iran was nearing completion.
Trump claimed that Iran’s naval, air, and military capabilities had been largely neutralized. He added that the war was “almost complete,” raising hopes of stability in global markets.
Soon after the statement, global oil prices dropped sharply. Crude prices fell by nearly 8 percent, while Brent crude declined to around $90 per barrel.
Lower oil prices and improving geopolitical sentiment boosted investor confidence worldwide. As a result, stock markets across several countries moved higher.
In Pakistan, the Pakistan Stock Exchange opened with strong buying activity. The KSE-100 Index surged by 9,728 points, reaching 156,209 points during trading.
Meanwhile, the KSE-30 Index rose by 6.7 percent, which triggered a temporary trading halt for 45 minutes under market rules.
At the time trading was suspended, the KSE-100 Index was up 9,303 points, standing at 155,783 points.
Asian markets also showed strong gains. The Hong Kong Stock Exchange climbed 1.2 percent, while South Korea’s market jumped 6.2 percent. Similarly, the Tokyo Stock Exchange recorded a 3.2 percent increase.
Analysts say easing geopolitical tensions and falling oil prices are supporting global investor sentiment.
