Pakistan Stock Exchange gains more than 5000 points in a day.
Iran and Israel have officially announced a ceasefire with the US plan; however, there are some hiccups reported by both Iran and Israel. However, it is expected that both countries will fully hold the ceasefire that was announced by US President Donald Trump. It is expected that Israel will do some ground operations till then to satisfy their illegal act against Iran. Moreover, most of the Muslim countries have fully condemned Israel against Iran and said that this ceasefire was welcomed by the UAE, Saudi Arabia, Qatar, Egypt, and many more. Today, due to this, the Pakistan Stock Exchange witnessed a remarkable increase of up to 5000 points, and now it is trading around 121,000 points.
The market suggests that both countries will hold a ceasefire, and the Pakistan stock exchange is expected to see an increase as well tomorrow. The budget of 2025-2026 is likely to be passed as well, which will decrease the uncertainty surrounding it. Moreover, it is expected that the Pakistan stock exchange will rise further because there are no tax increases for the Pakistan stock exchange, and people who are investing in it as another avenue of investing are seeing a tax increase due to IMF demand and revenue increase as well. It is expected that next fiscal year the Pakistan Stock Exchange will be near 150,000 points and more companies will join in.
