KSE‑100 Rallies Over 5,000 Points on Ceasefire Optimism
Pakistan’s benchmark KSE‑100 index soared more than 5,000 points during intraday trading on Tuesday, fueled by investor hopes of a ceasefire in the Middle East.
Market Surge & Sector Momentum
At around 10:40 a.m., the index climbed to *121,220.80, marking a **5,053‑point (4.35%)* rise. Broad-based buying hit key sectors—automobiles, banking, oil & gas, power, and refineries—with heavyweights like HUBCO, ARL, SSGC, PSO, MARI, OGDC, PPL, POL, UBL, and HBL trading firmly in the green.
What’s Driving the Rally?
“The ceasefire announcement and a 3–4% drop in international oil prices are driving the buying rally at the bourse,” said Sana Tawfik, Head of Research at Arif Habib Limited. “The market believes the geopolitical situation will now come under control.”
Recent Volatility Contrast
Just a day prior, on Monday, heightened geopolitical tensions—triggered by U.S. strikes on Iran—had led to a nearly 3,900‑point (3.21%) drop, with the KSE‑100 closing at 116,167.47 amid intense selling pressure.
Ripple Effect on Global Markets
International markets also responded positively. With renewed hopes of calm, global stocks rallied and the dollar weakened. U.S. crude futures dipped over 3% to $66.15barrel, reflecting eased concerns about supply through the Strait of Hormuz. U.S. S&P futures rose around 0.6%, Nasdaq futures 0.9%, while Europe and Asia–Pacific equities also advanced.
