With the benchmark KSE-100 index soaring by 4,332 points shortly after the market started, the Pakistan Stock Exchange (PSX) saw an incredible jump at the beginning of trade today, regaining four important levels in one go.
Following the Iran-Israel ceasefire, there has been a substantial increase in investor confidence, which has led to robust buying across the board.
As market sentiment improves during the day, stock analysts anticipate a strong rebound.
A significant development in addressing the revolving debt problem in the electricity sector was also noted by currency dealers. Investor confidence is anticipated to increase as the government shortly obtains a low-cost loan from banks totaling Rs 1,275 billion.
