The Pakistan Stock Exchange (PSX) surged on Monday, with the benchmark KSE-100 Index rising by 2,436.69 points, or 1.49%, to close at 166,242.90. The index hit an intra-day high of 166,421.33, fueled by renewed investor confidence following the easing of tensions between Pakistan and Afghanistan.
The positive sentiment was boosted by the ceasefire agreement between the two countries, reached after high-level negotiations in Doha, Qatar. Defence Minister Khawaja Asif confirmed the agreement on Sunday, highlighting that both nations agreed to respect each other’s sovereignty and territorial integrity. A follow-up meeting is scheduled for October 25 in Istanbul, Türkiye, to discuss further matters and finalize a monitoring mechanism.
The previous week saw volatility in the PSX, with the KSE-100 Index opening at 163,098.19 points. After several fluctuating sessions, the index closed at 163,806.22 points, posting a weekly gain of 708.03 points, or 0.4%, as investor optimism grew following Pakistan’s staff-level agreement with the International Monetary Fund (IMF).
