KARACHI: The Pakistan Stock Exchange surged on Thursday, buoyed by investor optimism after the successful finalisation of a new trade agreement between Pakistan and the United States.
The benchmark KSE-100 index climbed by 1,345.59 points, or 0.97%, to reach 139,757.84, continuing its upward momentum.
The positive shift comes just hours after officials in Washington concluded a landmark trade deal between the two countries.
Analysts say the agreement has helped boost investor confidence, signaling stronger economic cooperation and the potential for increased foreign investment.
A day earlier, PSX turned around to bullish trend, gaining 447.43 points, a positive of 0.32 percent, closing at 138,412.25 points.
A total of 425,836,625 shares worth Rs 24.999 billion were traded during the day.
As many as 476 companies transacted their shares in the stock market, 152 of them recorded gains and 290 sustained losses, whereas the share price of 34 companies remained unchanged.
Earlier, US President Donald Trump has announced that the trade deal with Pakistan has been completed.
The United States President said that under the deal, the US and Pakistan will jointly explore their respective oil reserves, and the two governments will jointly determine the oil company that will explore for oil, adding Pakistan might one day sell oil to India.
“We have just concluded a deal with the country of Pakistan, whereby Pakistan and the United States will work together on developing their massive oil reserves.
“We are in the process of choosing the oil company that will lead this partnership. Who knows, maybe they will be selling oil to India some day,” he wrote in a post on X.
