The Pakistan Stock Exchange (PSX) experienced its second-largest single-day surge in history as news of a potential de-escalation in the Iran-Israel conflict boosted investor confidence. The KSE-100 Index opened with a significant gain of over 4,000 points, starting the day at 120,499 points.

During trading, the momentum was so strong that at one point, the KSE-100 Index soared by 5,878 points to reach 122,045. Simultaneously, the KSE-30 Index climbed by over 5%, prompting the PSX management to halt trading for an hour at 11:26 AM, in accordance with exchange rules.

Upon resuming, the KSE-100’s upward trajectory remained unchanged. It continued to climb, reaching an intraday high of 122,725 points, marking an impressive gain of over 6,500 points. Investor confidence remained strong throughout the day, with shares of all listed companies trading in the green zone from open to close.

This optimism was primarily driven by reduced global tensions and a decline in international petroleum prices. These factors collectively propelled the KSE-100 Index to its second-highest daily point gain in history, both during trading and at closing.

At the close of trading, the KSE-100 Index settled at 122,246.63 points, up by 6,079 points. The KSE-30 Index also saw substantial gains, increasing by 1,876.51 points to close at 37,283.85 points. The KMI-30 Index surged by 11,912.16 points, ending at 181,853.72 points, while the All-Share Index closed at a psychological high of 76,223.89 points, up by 3,703.45 points.

This remarkable upward trend significantly boosted market capitalization, which rose from PKR 14,063 billion to PKR 14,778 billion, translating into a daily profit of PKR 715 billion for stock investors. The trading volume for shares exceeded 800 million, amounting to a total value of PKR 37.61 billion.

Overall, shares of 477 companies were traded on the exchange. Out of these, 407 companies saw an increase in their share prices, 35 experienced a decline, and 35 remained stable.