New Delhi, May 12 -- The Karachi Stock Exchange 100 (KSE 100), the benchmark index of the Pakistan stock market, surged over 9% on Monday, May 12, as a ceasefire with India boosted the investor sentiment, sparking a one-hour trading halt.

Pakistan's stock exchange halted trading on Monday for an hour, according to an exchange notification, a Reuters report stated.

According to data available on Bloomberg, KSE 100 index jumped almost 9100 points or 8.9% to 116,640.94 as of 10.20 am IST. This comes after strong gains of nearly 4% were seen in Friday's trading session. With today's gains, the Pakistan benchmark index has again turned positive on a year-to-date (YTD) basis.

The ceasefire between India and Pakistan, first announced by US Pr...