Top News

Pakistan Stock Market High Record: The US President has announced a ceasefire amid the crisis that has been going on for the last 40 days in the Middle East. Since then, there has been a rise in all the stock markets of the world. At the same time, a historic boom was seen in the Pakistani stock market. On Wednesday, Pakistani stock market rose by 12000 points and even after this the rally continued. Here, a spectacular rally was also seen in the Indian market.

BSE Sensex closed above 3000 points and Nifty closed above 23997 points. Along with this, there was a rally in the entire Asian market including Kospi 7 percent, Nikkei 5 percent, but the highest rise was seen in Pakistan.

Effect of ceasefire announcement

This increase has come when Iran and America have agreed on ceasefire for 2 weeks. In such a situation, the prices of Brent crude oil fell by more than 13 percent. Besides, the price of natural gas has also declined. Pakistan’s benchmark stock index recorded its biggest rise in intraday trading on April 8, rising by more than 12,000 points, after news of a ceasefire between the US and Iran boosted investor sentiment, according to local newspaper Dawn.

The biggest boom in history

Pakistan Stock Exchange’s KSE-100 index rose 12,362.38 points or 8.15 percent to 164,035.83 at 9:37 am, Dawn reported. After this sharp surge, trading was suspended as per exchange rules. According to Dawn report, this rally is the biggest single-day rise in the history of the KSE-100 index.

According to statements in international media reports, US President Donald Trump said he would suspend the bombing and attack on Iran for a period of two weeks provided Iran assures the full, immediate and safe reopening of the strait. After this, Iranian Foreign Minister Abbas Araghchi has confirmed that Tehran will allow safe transit through the Strait of Hormuz for two weeks.

Surge amid geo-political tension

to increasing geo-political tension in West Asia pakistani stock market This sharp rise has come after a period of instability. According to Dawn report, after fluctuations during trading on April 7, the KSE-100 index had closed 465.64 points higher, but today the Pakistani stock market has seen the biggest rally in a day.

fastest fall in one day

Experts say that this rise is a recovery after the initial decline. Even in the initial phase of the conflict, the stock market suffered huge losses. According to Dawn newspaper, on March 2, the supreme leader of Iran Ayatollah Ali Khamenei After the death, the KSE-100 fell by 16,089 points or 9.57 percent, the sharpest fall in a day.