PSX Starts Week on a High Note Driven by Asian Gains and Lower Oil Prices

The benchmark KSE-100 Index surged by 464.19 points, buoyed by improving geopolitical conditions and positive global sentiment.

KARACHI:

The Pakistan Stock Exchange (PSX) began the trading week with strong momentum on Monday, tracking a broad rally across Asian markets. Investor confidence was bolstered by a softening of global oil prices and a more favorable geopolitical outlook. By 12:34 pm, the KSE-100 Index was trading at 179,386.94 points, reflecting an increase of 464.19 points (0.26%), though some gains were trimmed due to intermittent profit-taking.

Significant buying activity was observed across several key sectors, including automobile assemblers, cement, chemicals, commercial banking, and the oil and gas exploration, marketing, and refining segments.

Earlier in the session, the index reached 180,347.98 points by 9:34 am, marking a gain of 1,425.23 points (0.80%) over the previous close. Market data indicates the index hit an intraday peak of 180,507.82 points and a low of 179,047.16 points.

The KSE-100 had concluded the previous session at 178,922.75 points.

Total trading volume reached 124.13 million shares, with a total traded value of Rs11.68 billion. Investors remain focused on whether this upward trend can be sustained, amidst selective sectoral buying and improving regional sentiment.

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