KARACHI (Dunya News) – The Pakistan Stock Market on Monday crossed the 148,000-point milestone for the first time in its history.
On the first day of the business week, the market witnessed a powerful rally from the start of trading.
The benchmark index recorded an increase of more than 1,500 points during the session, rising to a record level of 148,075 points.
Previous close
By contrast, at the end of the previous week, the market had closed at 146,491 points, after shedding 37 points in the final session.
A total of 473,601,407 shares worth Rs 32.882 billion were traded during the day.
As many as 479 companies transacted their shares in the stock market, 226 of them recorded gains and 219 sustained losses, whereas the share price of 34 companies remained unchanged.
Meanwhile, share markets edged higher in Asia on Monday ahead of what is likely to be an eventful week for US interest rate policy, while oil prices slipped as risks to Russian supplies seemed to fade a little.
A general risk-on mood saw indices in Japan and Taiwan make record peaks, while Chinese blue chips reached their highest in 10 months.
US President Donald Trump now seemed more aligned with Moscow on seeking a peace deal with Ukraine instead of a ceasefire first, after meeting Russian President Vladimir Putin in Alaska on Friday.
Trump will meet Ukrainian President Volodymyr Zelenskiy and European leaders later on Monday to discuss the next steps, though actual proposals are vague as yet.