PSX gains over 12,000 points as investors glee over US-Iran ceasefire

The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 surged by over 12,000 points during intraday trade 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 at 9:37am. Subsequently, trading was temporarily suspended in accordance with PSX regulations. The gains mark the highest single-day rally in absolute terms in PSX history, surpassing the...