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PSX Soars as Middle East Tensions Ease

  • The Pakistan Stock Exchange surged over 6,000 points on June 24, 2025, following a ceasefire announcement between Israel and Iran.
  • Late Monday, Donald Trump declared that Israel and Iran had reached a ceasefire agreement, which helped reduce regional tensions and fueled strong investor confidence the following day.
  • The KSE-100 index hit an intraday high of 122,725.21 points, up 6,557 points, while trading volumes rose to 804.8 million shares valued at Rs37.6 billion.
  • Analyst Ahfaz Mustafa explained that the market rally today was driven by the ceasefire announcement combined with a sharp drop in oil prices, as Brent crude declined 4.6% to $68.19 per barrel.
  • This rally boosted investor sentiment, allowed Pakistan's market to surpass the 120,000 mark, and occurred alongside efforts to obtain $3.3 billion through two foreign loans from Chinese banks aimed at strengthening forex reserves.
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The Tokyo Stock Exchange begins the session in positive territory, in the wake of the acceleration of US stock indices and the easing of tensions in the Middle East, with the announcement of the ceasefire in the conflict between Iran and Israel and the oil prices returned to decline. At the beginning of the reference list Nikkei marks a positive change of 0.29% at 38.904, adding 113 points. On the foreign exchange front the yen picks up ground f…

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Business Recorder broke the news in on Tuesday, June 24, 2025.
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