The Pakistan Stock Exchange (PSX) saw a sharp surge on Thursday, driven by renewed investor confidence following the successful finalisation of a major trade agreement between Pakistan and the United States.
The benchmark KSE-100 index rose by 1,345.59 points or 0.97%, closing at 139,757.84, continuing a bullish trend that began a day earlier when the market gained 447.43 points.
The rally came just hours after US officials in Washington concluded a historic trade pact with Pakistan. Investor sentiment strengthened on expectations of enhanced economic cooperation and a significant rise in foreign direct investment.
According to market data:
- A total of 425.8 million shares were traded,
- With a turnover valued at Rs 24.999 billion.
- Out of 476 companies that traded, 152 recorded gains, 290 sustained losses, and 34 remained unchanged.
President Trump Confirms Deal, Hints at Energy Cooperation
Adding to the momentum, former US President Donald Trump confirmed the deal in a post on social media platform X, revealing ambitious plans for joint oil exploration between the two nations.
“We have just concluded a deal with the country of Pakistan, whereby Pakistan and the United States will work together on developing their massive oil reserves. We are in the process of choosing the oil company that will lead this partnership. Who knows, maybe they will be selling oil to India some day,” Trump wrote.
The statement suggested that Pakistan’s untapped oil potential will be jointly explored, and the project could have regional implications, especially if it leads to energy exports.
Market analysts believe this deal signals a new chapter in US-Pakistan relations, one that goes beyond diplomacy and opens the door for strategic economic cooperation, particularly in the energy sector.
With investor confidence rising and geopolitical ties strengthening, the PSX is expected to remain buoyant in the short term.
