The Pakistan Stock Exchange (PSX) rebounded strongly on Wednesday, with the benchmark KSE-100 index gaining over 4,000 points as investor sentiment strengthened on optimism surrounding possible talks between the United States and Iran.
US President Donald Trump said negotiations between US and Iranian officials could resume in Pakistan in the next two days and Vice President JD Vance, who led last weekend’s negotiations that ended without a breakthrough, expressed optimism about the current state of affairs.
“I think you’re going to look at two incredible days ahead,” Trump said. ABC News Journalist Jonathan Karl added that he did not think it would be necessary to extend the two-week ceasefire which ends on April 21.
The PSX benchmark KSE-100 Index jumped to 170,179.03 points after registering a rise of 4,544.19 points or 2.74 percent, up from the previous close of 165,634.84 points.
Ahfaz Mustafa, CEO of Ismail Iqbal Securities, said PK Press Club.tv: “Expectations of a resolution to the Middle East conflict by the weekend and falling oil prices have restored investor confidence.”
“This, coupled with Saudi deposits and a general sense of well-being due to Pakistan taking center stage, is fueling the recovery,” the analyst added.
