Pakistan: The Pakistan Stock Exchange (PSX) extended its gains on Thursday, with the benchmark KSE-100 Index climbing to an intraday high of 178,431.73 points, up 3,145.95 points (1.79%), as stabilising global oil prices boosted investor confidence. Market participants also shifted their focus to the upcoming corporate earnings season, which is expected to drive sector-specific trading activity.
Why Did the Pakistan Stock Exchange Rise?
Analysts said investor sentiment improved after oil prices steadied following an initial surge linked to US-Iran tensions, easing concerns over major disruptions to global energy supplies. The moderation in oil prices reduced fears of broader market volatility, supporting buying activity across the PSX.
What Are Investors Watching Next?
Market attention has now turned to the upcoming corporate earnings season, which analysts expect will influence stock-specific performance across key sectors. Investors are also closely monitoring developments in the Middle East, as further escalation around the Strait of Hormuz could impact global oil prices and financial markets.