Investor confidence rises as easing fears of conflict between the US and Iran boost global and regional markets.
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The Pakistan Stock Exchange opened the new business week with a strong rally on Monday as investors returned to the market with renewed confidence.
The benchmark KSE-100 Index jumped by 3,611 points in early trading, reaching 171,456 points during the opening session.
Market analysts said the sharp rise reflected improving investor sentiment and expectations of stronger market activity throughout the day.
The positive momentum came as global markets also moved higher on hopes of easing tensions in the Middle East. Investors reacted positively to reports suggesting possible progress in talks between the United States and Iran.
Asian stock markets posted strong gains, while oil prices and the US dollar weakened as fears of a wider regional conflict eased.
US President Donald Trump said Washington would not rush into an agreement with Iran, although he earlier stated that both sides had largely negotiated a possible deal to reopen the Strait of Hormuz.
The Strait of Hormuz is one of the world’s most important energy shipping routes and carries a major share of global oil and liquefied natural gas supplies.
Global investor confidence also improved as major international markets recorded gains. Japan’s Nikkei index surged sharply, while US stock futures and broader Asian markets also traded higher.
