Brent crude prices retreated from one-month highs on Tuesday as diplomatic efforts to de-escalate tensions between the United States and Iran showed signs of progress.
The pullback in energy benchmarks helped lift risk sentiment across global markets, with Asian equities posting broad-based gains in early trade.
58 points from pre-market levels, reflecting a sharp shift in investor positioning.
The Pakistan Stock Exchange (PSX) benchmark index surged 2,000 points during intraday trading, extending a late recovery from the previous session.
Analysts noted that the rally was driven by easing geopolitical fears and the subsequent drop in oil prices, which had previously weighed on market sentiment.
The KSE-100 index climbed 2,075.58 points from pre-market levels, reflecting a sharp shift in investor positioning.
This move follows a period of heightened volatility in energy markets, where supply disruption risks had pushed Brent to elevated levels.