Dawn
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11:56 Jun 24, 2025
Shares at the Pakistan Stock Exchange (PSX) climbed by 5759.16 points after an earlier halt in trading on Tuesday, in the wake of US President Donald Trump announcing a complete ceasefire between Israel and Iran to end a 12-day war. The KSE-100 index climbed by 6079.16 points, or 5.23 per cent, to close at 122,246.63 points. Earlier in the day, shares at the PSX had climbed by 5,878 points a few hours after it opened. It reached an earlier intraday high of 122,045.62 from the last close of 116,167.47 yesterday, before a market halt was initiated. Yousuf M. Farooq, director of research at Chase Securities, attributed the rise to the overnight announcement of a ceasefire, with broad-based gains across sectors. Farooq said, “The Pakistan market rallied earlier today following the overnight announcement of a ceasefire. “However, reports during the day of Israeli claims that Iran has violated the ceasefire dampened sentiment, pulling the market down from an intraday high of 122,045.62 to 121,926.63 currently. Desp...