KARACHI: The benchmark KSE-100 Index concluded Monday’s trading session on a buoyant note, surging 4,639 points (+2.69%) to close at 177,039 points.
A broad “all is well” sentiment prevailed at the Pakistan Stock Exchange (PSX), as market participants welcomed the government’s reform-oriented budget measures and responded positively to reports of a preliminary peace agreement between the United States and Iran, which also eased concerns over global oil supply disruptions.
On the index contribution front, index heavyweights UBL, HUBC, LUCK, ENGROH, and FFC emerged as the primary drivers of upside momentum, collectively contributing 1,790 points to the benchmark’s gain.
Market participation with total traded volume 988.08 million shares and total traded value amounting to PKR 63.3 billion reflecting strong investor conviction and broad-based market engagement across the board.
More heading, PSX gain 1.1% in week as investor confidence improves
Earlier, Pakistan’s stock market posted a strong weekly performance, with the benchmark KSE-100 Index gaining 1.1% amid improving investor sentiment driven by easing geopolitical tensions and lower global oil prices.
The KSE-100 Index rose by 1,921 points during the week, closing at 172,399 points compared with 170,478 points at the end of the previous week.
During the trading week, the index touched an intraday high of 173,093 points, while its lowest level was recorded at 168,432 points.
Market capitalization increased by Rs191 billion over the week to reach Rs19.12 trillion, reflecting broad-based gains across listed companies.
Average daily trading volume stood at 776 million shares, while average daily traded value was recorded at Rs29 billion.
