The Pakistan Stock Exchange (PSX) kicked off the new trading week with a significant rally on Monday, as the KSE-100 index surged by 2.5%. By 11:00 AM during intra-day trading, the index reached 112,256.41, marking an impressive gain of 2,743.27 points from its previous close of 109,513.14. The market achieved a high of 112,276.22 and a low of 110,891.35, reflecting robust investor activity.
This strong performance was accompanied by a healthy trading volume of 106,155,448 shares, with the total market value standing at 12,022,506,787. The rally reflects renewed investor confidence and provides an optimistic outlook for the days ahead, with key economic indicators and government policies bolstering sentiment.
Also Read: PSX Slips Further, Erasing Week’s Gains
Last week, the PSX experienced significant volatility, with the KSE-100 index seeing both sharp rises and major declines. Early in the week, the market surged by 1,867 points following the State Bank of Pakistan’s (SBP) decision to reduce its policy rate by 200 basis points to 13%. However, concerns over tax policies and mutual fund redemptions soon triggered corrections.
Despite a mid-week decline, which included a historic 3,790-point drop on Wednesday, the market ended the week on a positive note, with a 3,238-point recovery driven by government efforts to privatize state-owned enterprises and stable foreign exchange reserves. The week concluded with the KSE-100 index closing at 109,513, down by 4.19% on a week-to-week basis.
