KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) began the new business week on a positive note, registering modest gains amid cautious trading ahead of key economic developments.
During intraday trading, the KSE-100 index rose by 339.45 points, reaching 167,017.14 points, reflecting a 0.2% increase compared to the previous close of 166,677.69 points.
The cautious market sentiment is primarily driven by anticipation surrounding the upcoming International Monetary Fund (IMF) meeting, where the final approval for the release of a $1.2 billion loan tranche to Pakistan is expected.
Additionally, investors are awaiting the State Bank of Pakistan's (SBP) upcoming monetary policy announcement, further contributing to the market's measured approach.
In previous session, the benchmark index on Friday maintained its bullish trajectory, rising by 1,304.39 points, a positive change of 0.79 percent, to close at 166,677.70 points compared to 165,373.31 points on the previous trading day, according to PSX data.
A total of 592.74 million shares were traded in the ready market with a value of Rs41.96 billion, up from 498.36 million shares worth Rs30.59 billion in the previous session. Market capitalization increased to Rs18.866 trillion from Rs18.744 trillion.
Out of 478 active companies, 238 closed higher, 199 declined, while 41 remained unchanged.