Karachi, June 24, 2025 – The Pakistan Stock Exchange (PSX) witnessed a powerful rebound on Tuesday, surging 5.23% following the announcement of a ceasefire agreement between Iran and Israel.
This diplomatic breakthrough brought a significant relief to investors rattled by weeks of geopolitical instability.
The benchmark KSE-100 index of the PSX soared by an impressive 6,079 points, closing at 122,246 compared to the previous day’s close of 116,167 points. The sharp uptick was fueled by investor optimism over the ceasefire, which helped calm regional tensions and rekindled positive sentiment across financial markets.
According to analysts at Topline Securities, the PSX opened with a strong rally as the ceasefire deal restored investor confidence. The initial burst saw the KSE-100 index spike by 4,202 points at the open. This bullish sentiment carried through the session, culminating in a historic moment when the KSE-30 index hit its upper circuit breaker—a rare event signaling widespread buying and euphoria on the trading floor.
The KSE-100 index touched an intraday high of 6,557 points before settling at its final closing gain of 6,079 points. This dramatic rise reflected a clear shift in market dynamics, driven by the ceasefire’s impact and renewed expectations of economic stability.
Key contributors to the index’s surge included heavyweights like Lucky Cement (LUCK), Engro Corporation (ENGROH), United Bank Limited (UBL), Pakistan Petroleum Limited (PPL), and Oil and Gas Development Company (OGDC), which collectively added 1,795 points.
The PSX also saw exceptional trading activity. Volume leaders included Pakistan State Oil (PSO) with PKR 2.4 billion in trades, followed by OGDC (PKR 1.98 billion), PPL (PKR 1.62 billion), LUCK (PKR 1.60 billion), and DG Khan Cement (DGKC) with PKR 1.49 billion. In terms of volume, WorldCall Telecom (WTL) led the market with 65 million shares traded.
Overall, the PSX recorded total trade volume of 801 million shares and a traded value of PKR 37.5 billion. Analysts noted that while the ceasefire sparked this rally, sustained performance will depend on how long the truce holds and whether regional peace translates into economic continuity for Pakistan and its capital markets.