The Pakistan Stock Exchange (PSX) gained a record nine per cent on Monday — the restored calm in the market mirroring that in the region after the recent Pakistan-India ceasefire that boosted investor mood.

Saturday’s ceasefire, announced by US President Donald Trump, followed four days of tit-for-tat strikes between the nuclear-armed neighbours, as well as diplomacy and pressure from Washington.

The KSE-100 index opened with a gain of 9,929.48 points, or 9.26pc, to stand at 117,104.11 points from the previous close of 107,174.63 at 9:30am. Due to the massive gains, the PSX was suspended for an hour after opening to control excessive volatility.

Later in the day, the benchmark index reached as many as 117,327.78 points — 10,153.15 points (9.47pc) higher than yesterday’s close, at 3:15pm. This marked the highest intraday gain (points-wise) — more than double the 4,700 points surge in November 2024.

Finally, the KSE-100 closed at 117,297.73 points, with a gain of 10,123.10 points (9.45pc) compared to the previous close.

“The market has reacted jubilantly to the ceasefire announcement after Pakistan established effective

© Dawn Business