The Pakistan Stock Exchange witnessed a strong bullish trend on Monday, with the benchmark index soaring by more than 4,000 points to reach 167,090 levels.
The surge came as investors showed renewed interest in buying shares at the start of the trading week, driving the market upward throughout the session.
This rally follows a sharp decline last week, when the market closed down by 2,830 points on the final trading day amid rising tensions between Iran and the United States, which had pushed global oil prices higher.
However, sentiment improved at the beginning of the new week after oil prices dropped in the international market. The decline was linked to signals from Donald Trump indicating a willingness for positive engagement with Iran.
Market analyst Jibran Sarfraz says that the easing in oil prices, following the US president’s remarks, had a favorable impact on the Pakistani stock market.
He added that the statement suggested a possible improvement in the situation, which boosted investor confidence and led to increased buying activity in the market.
