Karachi, June 24, 2025 – The trading at Pakistan Stock Exchange (PSX) on Tuesday halted following breaching the upper cap of 5% at 11:26 AM.
The trading was suspended after KSE-30 index crossed the cap of 5%.
The PSX in an intimation to all trading right entitlement (TRE) holders said that due to 5% increase in the KSE-30 index from the previous trading day close of the index, a Market Halt has been triggered as per PSX regulations.
The market was halted at 11:26AM and will resume at 12:31PM, the PSX added.
Earlier, The PSX witnessed a remarkable rebound on Tuesday morning, rallying nearly 5% after global markets responded positively to the announcement of a ceasefire between Iran and Israel.
The benchmark KSE-100 index of the PSX jumped by approximately 5,650 points or 4.86% to reach 121,817 at 11:10 AM, recovering sharply from Monday’s closing level of 116,167.47. This significant recovery came after US President Donald Trump confirmed that Iran and Israel had agreed to a ceasefire, easing fears of further military escalation in the Middle East.
Investor sentiment improved drastically at the PSX, triggering a buying spree across major sectors including automobile assemblers, commercial banks, oil and gas exploration, oil marketing companies (OMCs), power generation, and refineries. Index-heavy blue-chip stocks such as HUBCO, ARL, SSGC, PSO, MARI, OGDC, PPL, POL, UBL, and HBL traded firmly in the green, contributing to the bullish momentum.
Market experts attributed the positive trend to geopolitical relief. “The ceasefire announcement coupled with a 3-4% decline in international oil prices has created an optimistic outlook at the PSX,” said Sana Tawfik, Head of Research at Arif Habib Limited (AHL). “The market is now expecting the regional tensions to subside, which is likely to stabilize investor confidence moving forward.”
The sharp turnaround follows a steep fall a day earlier when the PSX suffered intense selling pressure due to heightened regional tensions. Monday’s trading session ended with the KSE-100 index down by 3,855.77 points or 3.21%, closing at 116,167.47 after news of a US strike on Iran triggered panic selling.
Today’s upward swing at the PSX highlights how sensitive investor behavior remains to geopolitical developments, particularly in the Middle East. With the ceasefire now in place, market analysts are hopeful for continued stability in the region, which could lead to sustained positive performance at the PSX.
This is the fifth time in recent history the PSX has responded sharply to a geopolitical ceasefire, underlining the critical link between peace efforts and market recovery.