KSE-100 climbs nearly 3,000 points as easing global oil, stable policy rate and US-Iran peace hopes lift investor confidence.
Image: Reuters
The Pakistan Stock Exchange continued its strong upward trend on Tuesday as investor sentiment improved on multiple positive signals.
The benchmark KSE-100 Index rose to an intraday high of 179,986.90 points, gaining 2,947.08 points or 1.66% during the session.
Market optimism was driven by the State Bank of Pakistan’s decision to keep the policy rate unchanged at 11.5%, along with falling global oil prices and easing geopolitical tensions.
Investors also reacted positively to hopes of a US-Iran interim peace deal, which helped reduce concerns over energy supply disruptions.
The State Bank of Pakistan said inflation remains in double digits but is expected to gradually ease in the coming months despite external risks.
Market analysts said lower crude prices and strong global equities added further support to buying activity on the Pakistan Stock Exchange.
Oil prices also remained under pressure, with Brent and US crude benchmarks trading lower as markets awaited clarity on the proposed US-Iran agreement.
Meanwhile, the KSE-100 had already posted strong gains in the previous session, continuing a bullish trend driven by macroeconomic stability and improved investor confidence.
