PSX continues recovery as KSE-100 index gains 2,600 points in early trade

The Pakistan Stock Exchange (PSX) benchmark index continued its recovery trend on Thursday, surging by around 2,600 points in early trading. The KSE-100 index climbed 2,604.49 points, or 1.49 percent, by 11:04 AM, reaching 177,890.27 points. This marks a significant rebound from its previous close of 175,285.78.

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They want to settle so badly. They don’t like what we’re doing, and they do want to settle. We’ll find out whether or not we settle with them, or we just finish it off.

Market analysts attribute the positive performance to recent statements made by US President Donald Trump. Trump indicated that Tehran is eager to reach an agreement with Washington, suggesting a potential de-escalation of tensions. Awais Ashraf, director of research at AKD Securities, noted that the market's recovery mirrored Wednesday's rebound, driven by Trump's remarks suggesting a desire to "bring Iran back to the negotiation table to end the conflict."

Further bolstering investor confidence, oil prices have shown stability over the past two days. Brent crude futures saw a slight dip of 24 cents to $84.95 a barrel, while US West Texas Intermediate futures fell 15 cents to $79.45 a barrel. This stabilization in energy markets provides a more predictable environment for investors.

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The market continued Wednesday’s rebound after US President Donald Trump’s recent remarks.

The sustained positive momentum follows a period of volatility. On Tuesday, the KSE-100 index experienced a sharp decline of 6,408.23 points due to panic-driven selling. This sell-off was triggered by renewed fighting between the US and Iran, which heightened concerns about energy supply routes through the Strait of Hormuz. Wednesday saw value-hunting by equity investors, partially recovering the previous day's losses, a trend that has continued into Thursday's trading.

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Stability in oil prices for the past two days is also adding to investor confidence.