The KSE-100 index recovered 1312 points, closing at 39,296 on Monday, this marked the highest intra-day positive change of 3.34% since May 22, 2019. Analysts have cited a number of positive developments in the region to explain the recovery. Of them, the US-Afghan peace deal is being dubbed a key factor, while the cut in inflation rates and oil fuel prices are also said to be a reason.
The Pakistan Stock Exchange was on its way to a recovery on Thursday after two days of equity loss due to tensions in the region. The benchmark KSE-100 had lost over 1,000 points in the aftermath of the Iranian general Qasem Soleimani assassination. Since Trump gave the impression that he did not want war, the panic has somewhat vanished and people are returning to the equity market, according to senior equity analyst Raza Jafri.
The Pakistan Stock Exchange shrinks after Iran’s General Qassem Soleimani’s assassination on US President Trump’s orders. It lost over 800 points to slip below the 42,000-point level—that it had managed to maintain after 15 months. By midday, the KSE-100 dropped to 41,480 points with all top active scrips, including K-Electric and the Bank of Punjab, heading downward in their share prices.
The Pakistan stock market has posted the largest gain since May 2013 as the market closed the month on a gain of more than 5084 points in a single month. The benchmark index saw a record-breaking gain during the month of November with astonishing volumes reaching more than 3.10 billion shares traded during the month alone, said Malik Fazal Nadeem, who is an Assistant Vice President at BMA Capital Management.