A sudden and tremendous boom has been seen in the Pakistani stock market. On Wednesday alone, the Pakistani stock market soared 12,000 points, and the rise has continued ever since. Meanwhile, the Indian market also witnessed spectacular growth; The Sensex closed nearly 3,000 points higher, while the Nifty closed above the 23,997-point level. Additionally, markets across Asia also saw strong gains—with the KOSPI rising 7 percent and the Nikkei rising 5 percent—although the biggest surge was seen in Pakistan. This surge has come at a time when a two-week ceasefire has been agreed between Iran and America. As a result, Brent crude oil prices fell by more than 13 percent. Apart from this, a decline was also seen in the prices of natural gas.
Tremendous surge in Pakistani stock market
Pakistan’s benchmark stock index recorded its biggest ever intraday surge on April 8, rising more than 12,000 points after news of a ceasefire between the US and Iran boosted investor confidence, according to local newspaper *Dawn*.
The biggest boom in history
The Pakistan Stock Exchange’s KSE-100 index climbed 12,362.38 points—or 8.15 percent—to 164,035.83 at 9:37 a.m., *Dawn* reported. After this sharp surge, trading was halted for some time as per exchange rules. According to *Dawn*, this rise is the biggest one-day gain in the entire history of the KSE-100 index.
Both Trump and Iran announced ceasefire
According to statements in international media reports, US President Donald Trump said he would halt bombings and attacks on Iran for a period of two weeks provided Iran assures the full, immediate and safe reopening of the strait. Subsequently, Iranian Foreign Minister Abbas Araqchi confirmed that Tehran would allow safe passage through the Strait of Hormuz for a period of two weeks. The sharp rise comes after a period of volatility in the Pakistani stock market, which is linked to rising geopolitical tensions in West Asia. According to a report by *Dawn*, the KSE-100 index closed with a gain of 465.64 points after day-long fluctuations on April 7; However, today the Pakistani stock market saw its biggest ever one-day rise.
The biggest fall was on March 2
Experts say that this upward trend reflects recovery after the initial decline. The stock market suffered heavy losses even during the early stages of the conflict. *Dawn* According to the newspaper, on March 2—following the death of Iran’s supreme leader, Ayatollah Ali—the KSE-100 fell 16,089 points, or 9.57 percent, its biggest one-day decline ever.
