The Pakistan Stock Exchange (PSX) rebounded strongly on Monday as easing global oil prices and renewed optimism over a potential Middle East agreement boosted investor confidence.
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According to Beyond Time News, the benchmark KSE-100 Index climbed sharply during the session, touching an intraday high of 167,245.54 points, up 4,251.37 points (2.61%) from the previous close of 162,994.17.
The index also recorded a low of 164,713.27, reflecting broad-based buying activity across key sectors.
Market analysts said easing oil prices and improving geopolitical expectations helped restore risk appetite after last week’s sharp decline.
“Improved chances of a regional agreement and softer oil prices have brought confidence back into the market,” said the CEO of Ismail Iqbal Securities, adding that investors are actively seeking value in high-dividend stocks.
PSX Suffers Major Crash as KSE-100 Drops Over 4,800 Points Amid Heavy Selling Pressure
Oil prices eased after developments related to maritime tensions in the Gulf, though uncertainty around ongoing negotiations between the United States and Iran kept prices above the $100 level.
Earlier volatility had weighed on the market, with the KSE-100 Index falling over 7,600 points during the previous week due to global and regional concerns.
Conclusion:
The latest recovery reflects renewed investor confidence driven by easing global risks and bargain hunting in key stocks, though analysts caution that volatility may persist amid ongoing geopolitical uncertainty.
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