US-China trade war latest: Global markets lifted by Geneva talks

The Pakistan Stock Exchange recorded an 8.8 per cent climb on Monday, forcing a temporary halt in trading as investor confidence rose on news of the Pakistan-India ceasefire holding and the IMF greenlighting another $2.4bn tranche of lending.

The country’s benchmark KSE-100 index on Monday gained 9,475 points, the highest day-on-day increase in points, according to Arif Habib, a Karachi brokerage, reversing most of the losses incurred by the outbreak of the worst conflict between India and Pakistan in at least two decades.

Donald Trump’s promise to “substantially” increase trade with Pakistan, which he stated in a post on Truth Social praising the ceasefire agreement, also probably buoyed stocks, said Sana Tawfik, an AHL analyst.