Investors cheer Pak-Afghan ceasefire, KSE-100 surges over 2,400 points

Bullish momentum dominated the Pakistan Stock Exchange (PSX) amid ease in tensions between Pakistan and Afghanistan, with the benchmark KSE-100 Index settling with a gain of over 2,400 points on Monday. Driven by renewed investor confidence, the KSE-100 Index hit an intra-day high of 166,421.33. At close, the benchmark index settled at 166,242.90, an increase of 2,436.69 points or 1.49%. Pakistan and Afghanistan reached an immediate ceasefire agreement following high-level negotiations held in Doha, Qatar, where both countries agreed to respect each other’s sovereignty and territorial integrity, Defence Minister Khawaja Asif said on Sunday. A follow-up meeting is scheduled for October 25 in Istanbul, Türkiye, where delegations from both nations will discuss further issues and finalise a monitoring mechanism. During the previous week, the PSX witnessed a rollercoaster ride marked by political uncertainty, border tensions, and renewed investor optimism following Pakistan’s staff-level agreement with the International Monetary Fund (IMF).