Pakistan Stock Exchange Soars After Trump Delays Iran Strike
According to market details, the benchmark KSE-100 Index surged by 2,248 points during trading on the second business day of the week. The index climbed to 164,053 points, reflecting renewed investor confidence and positive market sentiment.
Analysts believe the rally was driven by easing geopolitical tensions in the Middle East after Donald Trump stated that Iran still has a “great opportunity” to reach a deal. Reports suggest that Saudi Arabia, Qatar, and the United Arab Emirates had requested the postponement of the planned strike.
Meanwhile, the Pakistani rupee also showed slight improvement in the interbank market. The US dollar fell by 3 paisas and was being traded at Rs278.57, compared to the previous closing rate of Rs278.60.
Financial experts say reduced fears of a large-scale regional conflict helped boost investor confidence in emerging markets, including Pakistan.