Buying returns to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 gaining nearly 2000 points during the first half of the trading session on Friday.
At 12:00pm, the benchmark index was hovering at 171,659.29, up 1,955.69 points or 1.15%.
Meanwhile, buying was observed in key sectors, including chemical and commercial banks.
On Thursday, the benchmark KSE-100 Index gained 276.16 points or 0.16 percent to settle at 169,703.60 points compared to the previous close of 169,427.44 points.
Meanwhile, Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise.
MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 3.2%, led by a 7.4% surge in South Korea’s KOSPI. Japan’s Nikkei rose 2.7%.
China’s blue-chip CSI300 rose 1%, while Hong Kong’s Hang Seng gained 1.3%.
Overnight, Wall Street rallied with the three major indexes registering their biggest daily gains since April 8, when the U.S. and Iran agreed to a temporary ceasefire. The Nasdaq jumped 2.5%, helped by expectations of a strong market debut for Musk’s SpaceX.
This is an intraday update