KSE-100 sees bullish trends following India-Pakistan ceasefire
The recent ceasefire between Pakistan and India has begun to positively impact the country’s economy, particularly evident in a significant rise in the Pakistan Stock Exchange at the start of the trading week.
On Monday, investor confidence surged as the market opened, with the 100 Index recording an impressive increase of 10,000 points, reaching a total of 117,100 points. However, trading was temporarily halted after the index experienced a 5% rise.
For context, the 100 Index closed at 107,174 points on the previous Friday.
Investors have reacted favorably to the post-ceasefire climate, resulting in strong investment activity that not only boosted market volume but also provided optimistic signals for the national economy.
Market analysts indicate that if political tensions in the region continue to decrease, this upward trend in the stock exchange may further stabilize in the upcoming days.
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On May 8, the Pakistan Stock Exchange (PSX) experienced a significant downturn as investor confidence faltered. Following substantial fluctuations, the KSE-100 index plummeted by over 6,948 points, ultimately closing at 103,060 points.
On May 6, Investor confidence at the Pakistan Stock Exchange significantly improved, with the market displaying a positive trend at the beginning of the trading day. The 100 Index surged by more than 900 points, once again surpassing the 115,000-point milestone as of May 6.
On May 2, The Pakistan Stock Market reacted strongly to the absence of U.S. support for India, leading to a significant surge in trading. The KSE-100 Index opened with a sharp increase, climbing nearly 3,000 points. By 10 AM, the index reached 113,800, reflecting a gain of 1,989.99 points, or 1.79%.
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