PSX gains 14,000 points amid investor glee over US-Iran ceasefire

The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 surged by more than 14,000 points on Wednesday as investors reacted to the positive developments of a ceasefire between the United States and Iran. The KSE-100 index surged by 12,362.38 points, or 8.15 per cent, to stand at 164,035.83 shortly after opening. Subsequently, trading was temporarily suspended in accordance with PSX regulations. As of 3:08pm, the market had gained 13,925.47 points, or 9.18 per cent, from the previous close of...