The Pakistan Stock Exchange (PSX) saw a bullish trend on Monday, with the KSE-100 Index rising by more than 1,055 points during intra-day trading.
By the end of the session, the index stood at 111,377, marking an increase of 1,055 points or 0.96%.
Buying activity was strong in key sectors such as power generation, oil marketing companies (OMCs), fertilizers, and automobile manufacturers. Major index stocks, including INDU, HBL, EFERT, PSO, SHELL, NRL, PRL, and HUBCO, were all trading in positive territory.
Intermarket Securities stated in a report on Monday, “Many stocks have reached attractive levels, and fresh buying could occur at these levels. However, in the near term, the market may continue to face low liquidity.”
It added, “The upcoming International Monetary Fund (IMF) review remains a key milestone and could revive investor sentiment.”
The Pakistani rupee showed a slight increase against the US dollar, rising by 0.02% in the inter-bank market during Monday’s early trading hours.
As of 10:05am, the currency was trading at 279, reflecting a gain of Re0.05 against the dollar.
