The Pakistan Stock Exchange (PSX) continued its positive momentum on the first day of the week, with the benchmark KSE-100 Index soaring by over 1,000 points in early trading.
This strong rally comes in the wake of positive investor sentiment driven by a recent trade agreement with the United States, along with reduced tariff rates.
At the start of the day, the KSE-100 Index stood at 141,669 points, up from Friday’s closing level of 141,034. In the opening minutes, the index surged to a high of 142,174.23 points, signaling renewed optimism in the market.
This upbeat trend follows the impressive performance on Friday, when the KSE-100 Index crossed the 141,000-point barrier. Although the market initially faced selling pressure, dropping 433 points in early trade, it quickly rebounded.
By midday, the index had gained 483.07 points, reaching 139,873.49. The day ended on a strong note, with the index increasing by 1,644.56 points, or 1.18%, closing at 141,034.98.
Market analysts attribute the ongoing bullish sentiment to a more optimistic economic outlook, particularly fueled by the fresh trade agreement with the United States.
This agreement includes lower tariff commitments, which has boosted investor confidence and alleviated some political concerns. Additionally, the stabilization of corporate performance expectations has contributed to the market’s upbeat sentiment.
However, experts remain cautiously optimistic, stating that the continued success of the PSX rally will depend on macroeconomic indicators and the implementation of the terms outlined in the trade agreement.
Structural reforms and ongoing progress in economic measures will play key roles in sustaining this positive momentum.
If the current trend holds, the PSX could be poised for further gains in the coming sessions, making it a market to watch closely for both local and international investors.
