Summary
- The KSE-100 Index jumped 2.31% on Monday, adding nearly 3,900 points to close at 171,725.29, after a volatile opening.
- Strong buying was led by heavyweight stocks—including Habib Bank Limited, Fauji Fertilizer Company, United Bank Limited, Engro Holdings, and Lucky Cement—which together contributed about 1,315 points and helped sustain the rally.
- After modest gains the previous week, the market benefited from improving sentiment linked to potential Iran‑U.S. de‑escalation and a drop in oil prices, despite ongoing macro‑economic pressures.
AI Generated Summary
On Monday, the KSE-100 Index opened with sharp swings but quickly turned bullish, gaining 3,881 points (2.31%) to finish at 171,725.29, its highest intraday level of 171,920.80. Market confidence rose after weekend reports that Iran and the United States are close to finalising a peace deal, and a near‑$6 per barrel decline in oil prices further lifted sentiment. The rally was driven primarily by large‑cap stocks such as Habib Bank Limited, Fauji Fertilizer Company, United Bank Limited, Engro Holdings, and Lucky Cement, which added roughly 1,315 points to the index. Earlier in the week, the index had risen modestly to 167,844.25, gaining 2,248 points on a week‑on‑week basis. Meanwhile, the Pakistani rupee appreciated slightly, closing at 278.51 against the U.S. dollar, up by Re0.01.