PSX Skyrockets By Nearly 10,000 Points After Pakistan Army Humiliates India

A few days after witnessing some of its biggest crashes in recorded history, the Pakistan Stock Exchange (PSX) on Monday rose by nearly 10,000 points in the first two minutes of trade following last week’s historic humiliation of Indian armed forces at the hands of the Pakistani military. At 9:32 AM, the benchmark KSE-100 index was up by 9,929 points or 9.2 percent to rise as high as 117,104. At 9:35 AM, it was up by 8.84 percent or 9,475 points at 116,650 points. The PSX website crashed following the massive investor spillover. The website shows an under-maintenance visual. Pertinently, this upside market halt has happened after 2 years. It will reopen after 1 hour. A total of 47.8 million shares have been traded during the day so far. The price of shares stood at Rs. 3 billion. 300 companies transacted their shares in the stock market today so far, with 294 of them recording gains and 5 sustaining losses, whereas the share price of 1 company remained unchanged. This is an intraday market update.