Market Erupts as Ceasefire Cools Geopolitical Tensions
ISLAMABAD: The local bourse opened with a bang today as investors cheered the breakthrough ceasefire agreement between Iran and Israel, bringing a welcome pause to rising geopolitical tensions in the region.
Riding this wave of optimism, the KSE-100 index surged at the open, clocking in an eye-popping 4,202-point jump from the previous close. The bullish momentum intensified as the session progressed, culminating in a historic moment — the KSE-30 index hit its upper circuit breaker, an exceptionally rare feat that electrified the market floor.
The KSE-100 index went on to post an intraday high of 6,557 points, before settling at 122,246 level, up a whopping 6,079 points or 5.23% for the day. It was a remarkable session that reflected renewed investor confidence and a broader risk-on sentiment returning to the market.
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Top contributors to the index’s rise included LUCK, ENGROH, UBL, PPL, and OGDC, which collectively added a remarkable +1795 points.
On the trading front, PSO (PKR 2.4bn), OGDC (PKR 1.98bn), PPL (PKR 1.62bn), LUCK (PKR 1.60bn), and DGKC (PKR 1.49bn) dominated the charts in terms of traded value, signaling strong interest in key blue-chip and mid-cap names.
Market activity remained vibrant, with total traded volumes clocking in at a solid 801 million shares, and total traded value reaching PKR 37.5 billion. WTL emerged as the volume leader with 65 million shares changing hands.
