ISLAMABAD: Pakistan’s benchmark share index jumped over 7,000 points on Tuesday, with analysts attributing the spike to easing geopolitical and domestic tensions, which lifted investor sentiment.
The KSE-100 index surged by 7,032.60 points, or 4.44 percent, to close at 165,476.02, compared to the previous close of 158,443.42.
Sana Tawfik, the Head of Research at Arif Habib Limited, said the index surged past the 165,000 level, marking one of the largest point gains in the history of the index.
“The rally was fueled by easing geopolitical and domestic political tensions, coupled with renewed investor interest as the results season commenced,” she told Arab News over the phone.
The Pakistan Stock Exchange (PSX) fell sharply on Monday as cross-border hostilities between Pakistan and Afghanistan prompted broad-based selling across key sectors.
