KARACHI – The Pakistan Stock Exchange (PSX) began the new business week on a positive note on Monday, driven by strong investor confidence. The KSE-100 index surged by 957.97 points, closing at 160,550.87, a 0.6 percent increase from the previous session’s close of 159,592.90 points.
The bullish trend continued from the previous session, when the KSE-100 index had gained 496.11 points, or 0.31 percent, ending at 159,592.90 points compared to 159,096.79 points on Friday.
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During Monday’s trading, a total of 768.833 million shares worth Rs30.735 billion changed hands, slightly lower in volume than the previous session’s 957.304 million shares traded at Rs30.446 billion. Market capitalization rose to Rs18.286 trillion from Rs18.220 trillion.
Of the 479 companies that were traded, 228 closed higher, 203 declined, and 48 remained unchanged, reflecting broad-based market participation. Analysts attribute the rally to investor optimism amid positive corporate earnings and macroeconomic indicators.