Karachi: The Pakistan Stock Exchange (PSX) saw an unexpected and massive rise on Monday morning. In just 40 minutes after opening, the benchmark KSE-100 index rose by 9,920 points, reaching 117,104 points. This was an 8.4 percent jump—one of the biggest ever.
Investors Rush to Buy Stocks
Investor activity was very high. People rushed to buy stocks as confidence returned to the market. Out of 331 companies being traded, 320 saw their share prices go up. Only five companies saw a fall, and six stayed the same.
Trading Halted Due to Sharp Rise
Because of the sudden rise, PSX officials decided to stop trading for one hour. This is a rule used to calm down markets when prices change too quickly. It helps prevent mistakes or emotional trading.
Reason Behind the Surge
The sudden rise came after news that the ceasefire between Pakistan and India was holding. This gave hope that tensions might reduce, making investors feel safer about putting money back into the market.
Last Week’s Big Losses
Just last week, the market was down badly. The KSE-100 index had fallen over 9 percent in just four days. On Thursday alone, the market lost over 6 percent of its value. Since April 22, the market had dropped 12.5 percent.
India-Pakistan Conflict Tensions
Last week’s market fall was due to fighting between India and Pakistan. Many civilians were killed, and both countries carried out attacks. Investors feared more violence, causing panic selling in the market.
