The actions of the Pakistan Bag (PSX) recovered on Friday after a strong fall on Wednesday.
The KSE-100 reference index increased by 2,787 points, or 2.5 percent, to close at 114,113.93.
On Wednesday, the market had immersed more than 3,500 points.
Yousuf M. Farooq, research director of Chase Securities, said: “The market is tracking the tensions of India-Pakistan, and some news flow has indicated the de-scarf, which caused a rebound today.”
He continued that investors were also encouraged by inflation data and the announcement of monetary policy on Monday, with expectations of a rate cut that ranges between 50 and 100 basic points.
“In addition, Pakistan’s IMF [International Monetary Fund] The approval of the Board is scheduled for the ninth. As a result, market participants focus mainly on developments with respect to regional tensions, interest rates and the next decision of the IMF. “
Awais Ashraf, research director of AKD Securities, also attributed the increase to the lack of military action of India.
“The probability of a large -scale war between Pakistan and India is still low, limited by the nuclear deterrence factor,” he said.
“[This] It has increased investor confidence, which leads them to take positions in actions that align well with the improved economic conditions of Pakistan. “
In recent days, Washington urged India and Pakistan to work with each other to reduce tensions and reach a “responsible solution.”
The United States Department of State said it was in contact with neighbors with nuclear weapons at multiple levels and Secretary of State Marco Rubio made calls on Wednesday with Prime Minister Shehbaz Sharif and Indian Foreign Minister, Subrahmanyam Jaishankar.
