Traders rejoice as PSX rockets almost 10,000 points

 In an extraordinary turn of events, the Pakistan Stock Exchange (PSX) witnessed one of its sharpest single-day rallies on Monday, with the benchmark KSE-100 Index surging by nearly 10,000 points during the opening hours of trading.

This dramatic upswing was fueled by a convergence of positive developments, notably a landmark ceasefire agreement between India and Pakistan and the International Monetary Fund’s (IMF) approval of fresh funding packages.

At 9:30am, the KSE-100 Index stood at 117,104.11 — up by 9,929.48 points or 9.26% — prompting a temporary halt in market operations due to the overwhelming upward momentum.

This historic rise marks the index’s strongest performance in recent years, as investors responded with optimism to regional de-escalation and financial assurances from global institutions.