The Pakistan stock market extended gains for a second consecutive session on Wednesday. The benchmark KSE-100 Index rose sharply amid optimism over a possible resumption of US-Iran talks. The index jumped as much as 5,000 points during the session, building on Tuesday’s strong rebound. The KSE-100 touched an intraday high of 170,640.27, up 5,005.43 points or 3.02 percent.
On Tuesday, the Pakistan Stock Exchange had staged a strong recovery, gaining about 5,000 points. This was supported by hopes of renewed US-Iran negotiations, easing concerns over potential oil supply disruptions and leading to a decline in oil prices. US President Donald Trump indicated that a second round of discussions could take place “over the next two days,” possibly in Islamabad. UN Secretary-General António Guterres also suggested that talks were “highly probable” after meeting with Pakistan’s Foreign Minister Ishaq Dar.
The ongoing conflict has impacted global markets and the broader economy. Meanwhile, the US State Department reported productive direct talks between Israeli and Lebanese ambassadors to the United States.
