ISLAMABAD: The Pakistan Stock Exchange (PSX) gained more than 3,000 points during intra-day trading on Friday, with an analyst attributing the jump to an extended ceasefire between Pakistan and Afghanistan.
The benchmark KSE-100 index gained 3,319.21 points, or 2.12 percent, to be suspended at 160,052.08 points by noon on Friday.
The development came a day after Pakistan and Afghanistan agreed in Istanbul to extend a ceasefire, following the worst border clashes between the two countries in years.
Ahsan Mehanti, chief executive officer at Arif Habib Commodities, said speculation in the earnings seasons played a catalyst role in bullish activity after the ceasefire.
“Bullish activity witnessed after reports of Pakistan, Afghanistan agreeing to maintain ceasefire in the cross-border conflict,” he told Arab News.
