Asian stock markets witnessed a strong rally following U.S. President Donald Trump’s indication of ending the war, boosting investor confidence across the region.
At the start of trading, the Pakistan Stock Exchange index rose by over 3.3 percent, reflecting a positive market trend.
During trading, the index gained more than 4,900 points, surpassing the level of 153,600 points.
Globally, markets also showed upward momentum, with Japan’s Nikkei index rising by 4 percent and South Korea’s KOSPI index gaining more than 6 percent.
Meanwhile, global oil prices declined, with Brent crude falling from $118 to $106 per barrel, while WTI crude remained stable at $103 per barrel.
UAE Murban crude, however, increased by 3 percent and was trading at $121 per barrel, indicating mixed trends in the oil market.
