Bulls in charge as PSX opens week by gaining 2,000 points during intraday trade

The Pakistan Stock Exchange (PSX) experienced a strong opening to the week, with the benchmark KSE-100 index surging by more than 2,000 points in intraday trade. By 11 a.m., the index had climbed 2273.78 points from its previous close of 176,094.11.

This positive momentum was largely driven by a de-escalation in geopolitical tensions between the United States and Iran. Investors took cues from statements indicating fresh talks between the two nations, which reduced immediate concerns over a wider regional conflict. Analysts noted that the easing of these tensions provided a significant boost to market sentiment.

Despite the intraday gains, the KSE-100 index concluded the previous month, July, on a downward note. According to Topline Securities Ltd, the index fell by 4,208 points, or 2.3 percent, month-on-month. This decline was attributed to escalating US-Iran tensions that had previously pushed global crude oil prices higher, negatively impacting investor confidence during that period.

During July, the average daily traded volume at the PSX stood at 845 million shares, with an average daily traded value of Rs37.5 billion. The report also highlights the role of global oil prices and geopolitical developments in influencing the Pakistani stock market's performance.

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investors took cues from easing geopolitical tensions after Trump called off a planned strike on Iran, reducing immediate concerns over a wider regional conflict