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PSX opens with massive gains amid after Iran-Israel ceasefire announcement

Web Desk by Web Desk
24 June 2025, 11:40 am
in Business, Latest, Pakistan
0
Pakistan Stock Exchange
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The Pakistan Stock Exchange launched the trading session on a high note Tuesday, with the KSE-100 index making an extraordinary leap of over 4,300 points within the opening minutes, reclaiming several critical thresholds in one swift move.

This bullish momentum appears to be fueled by easing geopolitical tensions following a truce between Iran and Israel, which has revitalized investor optimism and triggered a buying spree across major sectors.

Market experts anticipate sustained growth throughout the day, citing the return of investor confidence and positive economic developments.

Adding to the upbeat atmosphere, currency market sources have indicated encouraging progress in addressing the chronic circular debt crisis in the power sector.

Reports suggest the government is on track to finalize a substantial Rs 1.275 trillion low-interest loan arrangement with commercial banks — a move that could inject fresh energy into the market and reassure stakeholders.

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