Karachi: The stock market opened with a bearish start today, but after that there is a bullish trend in the market.

The Pakistan Stock Exchange opened trading on Thursday with a major decline of 3,400 points, as a result of which the KSE 100 index fell to 162,411 points.

Later, after a relative decrease in the decline, the index reached 164,399 points with a decline of 1,410 points and after some time, the market saw a recovery and with a total increase of 102 points, the 100 index rose to 165,913 points.

It should be noted that as a result of Pakistan’s successful diplomacy, the economic effects of the Iran-US ceasefire are being seen on the global market, and in the same vein, a major rally of 12,920 points was recorded on the Pakistan Stock Exchange yesterday, as a result of which the KSE 100 Index reached the level of 164,594 points.

According to PSX management, trading activities were suspended for an hour yesterday due to a large-scale rally.

Later, business activities were resumed at the Pakistan Stock Exchange and the market’s record bullish trend continued throughout the day.

The announcement of a two-week conditional ceasefire between the United States and Iran has sparked a major reaction in global markets, with oil prices falling significantly while stock markets surged.

However, experts say prices are still higher than the level where oil was trading at around $70 per barrel on February 28, before the conflict began. Stock markets in the Asia-Pacific region have also seen a strong rally since the ceasefire.