Pakistani equities staged a sharp rebound on Wednesday, with the benchmark index posting one of its strongest sessions in recent weeks as investor sentiment improved following fresh diplomatic signals linked to potential US-Iran negotiations in Pakistan.

The KSE-100 Index of the Pakistan Stock Exchange surged 4,862 points, or 2.94 percent, to close at 170,497 points, recovering strongly from the previous session’s close of 165,634 points.

Market momentum accelerated during intraday trading as investors returned to equities after reports that former US President Donald Trump hinted at visiting Pakistan again for a possible second phase of US-Iran discussions, fueling optimism about regional stability and foreign investor confidence.

Trading activity remained robust, with approximately 731 million shares changing hands, while the total traded value reached Rs. 38.6 billion at the time of filing this intraday update.

Broad-based buying dominated the session. Out of 565 companies that traded shares, 410 recorded gains, 61 declined, and 94 remained unchanged, reflecting strong positive market breadth.