The biggest rise in history in Pakistani stock market: After America-Iran ceasefire, the market rose by 14000 points, increased by 9% to reach 1,65,836.

Pakistani stock market had fallen by 16,000 points or about 9.57% on March 2. This was one of the biggest declines in its history.

After the announcement of 2-week ceasefire between America and Iran, today (April 8, Wednesday) there was a record rise of 14,000 points in Pakistan’s stock market. Karachi Stock Exchange’s benchmark index Karachi 100 (KSE) closed at 165,836.05, up 14,162.58 points or 9.34%.

This is considered to be the biggest one-day gain in the history of the KSE-100 index. Never before had such a huge rise been seen in the Karachi Stock Exchange. Following this surge, trading was temporarily halted as per the rules.

Pakistan market boomed due to ceasefire

• The war that has been going on for 40 days between America and Iran has been put on pause for 2 weeks. Both the countries have agreed to this ceasefire after the mediation of Pakistan-China.
• Under the agreement, America, Israel and Iran will stop attacks on each other, and with the help of the Iranian army, safe movement of ships through the Strait of Hormuz will be ensured.
• Earlier, the US President had warned of destroying Iran. He had said that if a way was not found through the Strait of Hormuz, he would destroy the entire civilization of Iran.

Ceasefire was agreed between America and Iran with the mediation of Pakistan and China.

The biggest fall in history occurred on March 2

There was volatility in the Pakistan Stock Exchange for the last few weeks. The KSE-100 index closed with marginal gains on April 7.

However, on March 2, it had fallen by 16,089 points or 9.57%. This was one of the biggest declines in its history. This decline was due to increasing tension in West Asia.

Further talks between America and Iran will take place in Pakistan

According to reports, this ceasefire has been done to open the way for talks. Possible talks can take place in Pakistan’s capital Islamabad.

Pakistan Prime Minister Shehbaz Sharif said the ceasefire would come into effect immediately and the aim of the talks was to reach a final agreement.

Crude oil became 15% cheaper, at $ 94.27 per barrel

After the announcement of ceasefire, crude oil has become cheaper by 15%. On Wednesday, the price fell by $15 to $94.27 per barrel. This is the biggest single day fall in 6 years.

A day ago, crude oil was $ 109.27 per barrel. Before the war started on February 28, crude oil was $ 73 per barrel. During the war, prices reached $120 per barrel.

Petrol and diesel prices may decrease in Pakistan due to crude oil becoming cheaper.

According to reports, due to cheaper crude oil, the prices of petrol and diesel in Pakistan may decrease. On April 3, petrol was made costlier by 137 Pakistani rupees and diesel by 184 rupees. After the protest, the government had made petrol cheaper by Rs 80. Currently petrol is available at Rs 378 per liter and diesel at Rs 520.35 per liter.

Last week petrol in Pakistan had crossed ₹ 458

Last week, diesel and petrol became the most expensive in Pakistan. One liter of petrol crossed 458 and diesel 520 Pakistani rupees. The government had increased petrol by 43% and high-speed diesel (HSD) by 55%.

This decision was taken after the price of crude oil increased in the global market due to the war. 1 rupee of Pakistan is equal to 33 paise of India. That means the value of Rs 100 in India is around Rs 300 in Pakistan.

The government had increased the price of petrol by 43% and diesel by 55%.

India’s Sensex rose 2946 points and closed at 77,563.

Indian stock market also gained momentum today due to the announcement of ceasefire. Sensex closed at 77,563, up 2946 points (3.95%). Nifty is also up by 874 points (3.78%), it closed at 23,997.

Today there was more buying in auto, realty and banking stocks. Nifty’s Auto, Banking, Consumer Durables and Realty indices closed up 5%.

Asian market also remained bullish

• South Korea’s Kospi index rose 6.87% to close at 5,872. Japan’s Nikkei rose 5.39% to close at 56,308. Hong Kong’s Hang Seng index rose 3.09% to close at 25,893. China’s Shanghai Composite rose 2.69% to 3,995.

Mixed business in American market on April 7

• The Dow Jones fell 85 points (0.18%) to close at 46,548. The Nasdaq Composite, a tech-based index, rose 0.098% to close at 22,017. The S&P 500 index rose 5 points (0.076%) to close at 6,616.

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Sensex rises 2946 points to close at 77,563: Nifty rises 874 points; There was more buying in auto, realty and banking shares

After the announcement of 2-week ceasefire between America and Iran, there was a rise in the stock market today i.e. on Wednesday, April 8. Sensex closed at 77,563, up 2946 points (3.95%). Nifty is also up by 874 points (3.78%), it closed at 23,997.

Today there was more buying in auto, realty and banking stocks. Nifty’s Auto, Banking, Consumer Durables and Realty indices closed up 5%. Read the full news…

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