PSX experiences significant increases due to optimism over a US-Iran peace agreement.

The Pakistan Stock Exchange (PSX) maintained its upward trajectory on Wednesday, supported by investor confidence stemming from indications by US President Donald Trump on a prospective peace agreement with Iran to address the Middle East conflict.

In early trade, the KSE-100 index increased by 2,774.43 points, reaching 167,516.90, which represents a positive move of 1.68 percent from the previous close of 164,742.47.

Simultaneously, stocks surged, oil prices declined, and the dollar weakened in the Asian morning on Wednesday following U.S. President Donald Trump’s assertion of “great progress” towards a “final agreement” with Tehran, while momentum in AI-driven trades intensified.

Trump announced a temporary suspension of an operation guiding vessels through the Strait of Hormuz, a critical passage for around one-fifth of global oil, which has been obstructed by Iran since late February, resulting in a worldwide energy crisis.

The news caused Brent crude to decline by 1.2% to $108.51 per barrel, whilst S&P 500 e-mini futures increased by 0.3%.

MSCI’s comprehensive index of Asia-Pacific shares excluding Japan increased by 2.3% to a new record, propelled by a 5.1% rise in South Korea’s Kospi (.KS11), surpassing the 7,000 threshold for the first time.

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