The Pakistan Stock Exchange (PSX) witnessed a massive 6550-point rally, pushing the benchmark KSE-100 index past the 122,500-point mark. According to reports, shares climbed rapidly on Tuesday as investor confidence soared after US President Donald Trump announced a ceasefire between Iran and Israel.

 

Prior to the ceasefire, investor confidence remained subdued amid rising tensions in the Middle East. The KSE-100 retreated by over 10,000 points, from its record high of 126,718.28 points on June 12 to just 116,167 points on Monday.

 

News of the ceasefire caused the index to open in the green in the early hours, with the momentum continuing into the day. As of publishing, the KSE-100 index reached an intraday high of 122,725.21 points. The index peaked at 12:34 PM, after which profit-taking took hold of the market. 

 

For reference, the KSE-100 closed at 116,167.47 points on Monday, after which the index recorded a growth of 5.64 percent on Tuesday, leading to a 6556.33 point rise when the index hit its intraday high. The market witnessed a massive bull run after the KSE-100 hit its intraday low of 120,369.53 points at 9:32 AM.

 

All 17 indexes listed on the exchange remained in the green with the All-share index (ALLSHR) having grown by 4.54 percent, by 1:25 PM, translating into a 3,291.22 point rise. Unlike the KSE-100, which tracks the performance of the 100 largest and most liquid companies, the ALLSHR index records the performance of all publicly listed companies on the PSX.

 

According to data from the PSX, many companies witnessed a rise in share prices, with First Treet Manufacturing Modaraba (FTMM) and First Prudential Modaraba (PMI) winning big, to the tune of growth rates that sat at 20.20 percent (FTMM) and 16.05 percent (PMI).

 

However, not every publicly listed stock saw gains, as many witnessed sharp declines. Of these declining companies, the one that fared the worst during intraday trading was Crescent Cotton Mills Limited (CCM), with a 10.00 percent decline in its position.

 

Recent reports have suggested that the KSE-100 index could cross 165,000 points by December 2025, owing to a drop in interest rates and an improved state of the wider economy. These factors have created a business-friendly environment, lending weight to analysts’ claims.