PSX restarts on bullish note, again up by 5.31%

June 24, 2025 (MLN): The Pakistan Stock Exchange (PSX) resumed trading at 12:31 AM after a temporary halt earlier in the day.

At that time, the KSE-30 Index had surged by 5.62%, while the benchmark KSE-100 Index posted a remarkable gain of 5.54%, or 6,430.08 points, reaching 112,597.56.

The total volume of the KSE-100 Index stood at 146.68 million shares, reflecting strong buying interest in the market.

Earlier, at 11:26 AM, the PSX had halted trading as the KSE-30 Index surged by 5.26%, and the KSE-100 Index jumped 5.06% or 5,878.15 points to reach 112,045.62.

The halt was triggered by intense buying pressure, which persisted throughout the session.

This sharp rally followed a major geopolitical development.The halt came shortly after a ceasefire agreement was reached between Israel and Iran following 12 days of conflict.

The development was disclosed by U.S. President Donald Trump on June 23.

Notably, this announcement came just a day after Pope Leo XIV warned world leaders that they were approaching an “irreparable abyss.”

Trump shared the ceasefire news on his social media platform, Truth Social, stating that the agreement would be phased in over the next 24 hours as both nations completed “their in progress, final missions.”

He described the development as bringing an “Official END” to the war and added, “During each CEASEFIRE, the other side will remain PEACEFUL and RESPECTFUL.”

The surge in the PSX reflects the market’s positive response to the ceasefire, with buying pressure remaining high.