The Pakistan Stock Exchange (PSX) closed at a new all-time high on Monday. The KSE-100 index rose 1,018 points to reach 142,053. Investors showed strong confidence throughout the trading session. This surge reflects positive market sentiment and growing investor optimism.
The rally gained strength after Oil and Gas Development Company (OGDC) received a Rs7.7 billion payment on term finance certificates (TFC). Additionally, investors anticipated strong financial results from cement companies. These developments encouraged buyers to enter the market with enthusiasm.
Topline Securities reported that Lucky Cement, Bank AL Habib, HBL, Hub Power, and Systems Limited contributed 716 points to the index’s rise. However, PakGen Power, Engro Holdings, and Pakistan Petroleum lowered the index by 134 points. This mixed activity shows selective buying across sectors.
Trading volumes increased to 666.4 million shares, up from 609.7 million last Friday. However, the total traded value declined to Rs42.9 billion from Rs50.6 billion. Market activity remained high as 482 companies traded shares during the day.
Cnergyico PK led volume with 53.7 million shares traded. Its price rose by 28 paisa, closing at Rs7.39. Overall, 247 stocks gained, 206 lost value, and 29 stayed unchanged. This balanced activity highlights a healthy market movement.