Summary Pakistan's stock market opened the week on a strong note as the KSE-100 Index surged over 1,100 points, crossing the 186,000 mark during early trading.
KARACHI (Dunya News) — Pakistan's stock market opened the new trading week on a strong note, with the benchmark KSE-100 Index crossing the 186,000-point level after posting gains of more than 1,100 points during early trading.
At the start of Monday’s session, the benchmark index climbed 1,100-plus points to reach 186,868, reflecting continued bullish momentum in the market.
The rally extended the positive trend witnessed in recent sessions, with investors maintaining strong buying interest at the opening of trade.
The KSE-100 Index had closed the previous trading week at 185,910 points, making Monday’s early gains a continuation of the market’s upward trajectory.
Meanwhile, Asian share markets sputtered on Monday as caution took hold ahead of a crucial earnings season for the AI sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures, Reuters reported.
While there were no new developments in the fractious U.S.-Iran peace talks, ships are passing through the Strait of Hormuz with 160 vessels reported from Monday to Saturday last week.
South Korea's red-hot market cooled a little last week but is still up 90% for the year so far as AI demand and tight supplies boost chip prices. The index eased 0.8% on Monday, while Japan's Nikkei fell 0.4%.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2%, while Chinese blue chips were little changed.
In Europe, EUROSTOXX 50 futures fell 0.1%, while DAX futures and FTSE futures were flat. S&P 500 futures firmed 0.2%, while Nasdaq futures added 0.7% on top of a 2.1% gain last week.
