KSE-100 gains 1.59% on easing geopolitical tensions, oil plunge
The Pakistan Stock Exchange (PSX) witnessed strong bullish momentum on Friday amid thebudget for fiscal year 2027. with the benchmark KSE-100 Index closing near 172,400 points, gaining around 2,700 points in a single session.
The KSE-100 Index recorded another positive session and closed at 172,399 points, gaining 2,696 points (+1.59% DoD). "The positive performance was supported by broad-based buying across key sectors as investor sentiment improved significantly throughout the session," said Ahmed Sheraz of KASB KTrade.
Trading activity remained robust, with benchmark KSE-100 volumes reaching 320 million shares. Among the major volume contributors, BOP led with 53 million shares traded, followed by MLCF with 36 million shares. PIBTL with 25 million shares.
The rally was primarily driven by strong positive cues from global markets. Overnight gains in US equities improved overall risk appetite. while international oil prices declined sharply, providing additional support to investor sentiment.
Read More:Budget 2026-27: Federation will transfer Rs7.4tr to provinces, says finance minister
Brent crude fell by more than 5% during the session. briefly traded below $86 per barrel after US President Donald Trump announced that the planned military strikes had been called off and indicated that a diplomatic understanding had been reached. He also acknowledged the role of regional and strategic partners in helping ease tensions.
The sharp decline in oil prices helped alleviate concerns over inflationary pressures. potential disruptions to global economic activity, encouraging investors to increase exposure to equities.
Going forward, market direction is likely to remain dependent on developments in global geopolitics, trends in international oil prices,. the FY27 budget.
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