KSE-100 surges as geopolitical tensions ease
The Pakistan Stock Exchange's benchmark KSE-100 Index surged more than 4,500 points on Monday, touching an intraday high of 176,917.76, as investors cheered a preliminary US-Iran peace agreement.
The KSE-100 Index climbed as much as 4,517.86 points, or 2.62%, to reach an intraday high of 176,917.76 following the announcement of a US-Iran peace deal, traders said.
The rally was driven by a preliminary agreement between Washington and Tehran to end hostilities and reopen the Strait of Hormuz, a vital global oil shipping route. Brent crude fell nearly 4% to around $83.80 per barrel, easing inflation and interest rate concerns.
Broad-based buying was witnessed across commercial banks, cement, fertiliser, and oil exploration sectors. Analysts said the market was also supported by Pakistan's recently announced federal budget for fiscal year 2026-27, which was viewed as growth-oriented.