The Pakistan Stock Market saw an increase of more than 10,123 points in one day, making all the investors very happy. This amazing growth was so fast that the market had to be legally stopped for one hour, so everything could settle down.
This is the rule in the PSX market that any bad dump or pump will stop the market for one hour so that all things get settle down. Around Rs. 29 billion has been liquidated in just hours and all the short positions were cleared.
This is how the market is highly affected by any kind of news and specially when it comes to war. The war has ended and that is how the market reacts beautifully.
This sudden increase happened when a ceasefire was announced between India and Pakistan, which created a happy atmosphere in the market.
The ceasefire announcement was a positive step for both countries, which directly affected the stock market. At this time, investors felt that security and stability had increased, so they boosted their investments.
The market’s recovery and such good performance surprised everyone, and this also brought new confidence to the market. This is not only the situation in PSX but also in Indian stock market. Investors from both sides are happy with seize fire.
One thing is clear that no any person is in favor of war and even markets are happy after the seize fire. Countries are not made for the wars but for the development and technology races. Therefore it is request to everyone to stop talking about wars but to spread love and peace.
What do you people think about this price surge in stock market on 12th of May? Do you think this bull run will continue this whole week? Will be glad to see your answers in the comment section.
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IMAGE TAKEN AND EDITED IN CANVA
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