The Pakistan Stock Exchange (PSX) witnessed a strong rally at the opening bell on Monday, with the benchmark KSE-100 index surging by 9.3%, gaining nearly 9,900 points.
The positive momentum was driven by two major developments: the ceasefire agreement between Pakistan and India, and the approval of a critical loan tranche by the International Monetary Fund (IMF) over the weekend.
Market participants responded with strong buying activity amid improved geopolitical and economic outlooks. However, following the rapid surge, trading on the exchange was suspended — a circuit breaker to control excessive volatility.
This is a developing story and is being updated with more details.
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