By S.M. inam
KARACHI: Asian stock markets rallied after Donald Trump signalled an end to the ongoing conflict, boosting investor confidence across the region.
At the Pakistan Stock Exchange, the benchmark index rose by more than 3.3 per cent at the start of trading. During the session, the index gained over 4,900 points, crossing the 153,600 level, reflecting strong buying activity.
Regional markets also recorded sharp gains, with Japan’s Nikkei 225 rising around 4 per cent, while South Korea’s KOSPI surged by more than 6 per cent. Analysts said the rally was driven by expectations of easing geopolitical tensions and improved economic outlook.
In the commodities market, oil prices showed mixed movement. Brent crude fell from $118 to around $106 per barrel, while WTI crude remained stable near $103 per barrel. Meanwhile, UAE’s Murban crude rose by 3 per cent to reach $121 per barrel.
Market experts noted that any concrete steps towards ending the conflict could further stabilise global markets, while continued uncertainty may keep volatility elevated.
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