KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) kicked off the week with a bang as bullish momentum took hold of the market, pushing the benchmark KSE-100 Index up by 1,171 points to close at 162,803 points on Monday.
At the opening bell, the market took off rapidly, gaining over 2,000 points in early trade and touching an intraday high of 163,935 points, reflecting upbeat investor sentiment and strong buying activity across major sectors.
Investors showed keen interest in automobile assemblers, cement, commercial banking, fertilizer, oil and gas exploration, oil marketing companies, power generation, and refineries. Top-performing stocks included HUBCO, ARL, Mari Petroleum, OGDC, PPL, POL, HBL, and NBP, which all stayed in the green zone.
Trading volume remained robust, with over 352.9 million shares changing hands, worth around Rs 32.54 billion, highlighting strong participation by both institutional and retail investors.
Market analysts believe the ongoing rally is driven by improving investor confidence, expectations of economic stability, and better corporate earnings.
It may be recalled that on the last trading day of the previous week, the KSE-100 Index had already gained 4,898 points, closing at 161,631 points, setting the stage for today’s bullish run.
With back-to-back sessions of strong gains, the PSX appears to be on the right track, bringing a wave of optimism to Pakistan’s financial markets.