The Pakistan Stock Exchange (PSX) continued to witness positive momentum on Monday with the benchmark KSE-100 Index gaining nearly 2,300 points.
At close, the benchmark index settled at 187,454.69, an increase of 2,082.49 points or 1.12%.
Buying interest was seen across key sectors, including automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration companies, oil marketing companies (OMCs), and refineries. Index-heavy stocks such as HUBCO, MARI, OGDC, POL, UBL, and NBP all closed in positive territory.
The Pakistan Stock Exchange (PSX) maintained its upward momentum last week, with the benchmark KSE-100 Index rising more than 3% as easing geopolitical tensions in the Middle East, softer international oil prices, and improving domestic macroeconomic indicators lifted investor confidence.
The benchmark KSE-100 Index gained 5,800.93 points, or 3.2%, to settle at 185,372.20 points.
Meanwhile, Pakistan has launched the InvestPak digital investment portal to broaden public access to government securities, as the government seeks to diversify its funding sources and gradually reduce its reliance on commercial banks to meet its financing needs.
Speaking at the launch ceremony, Federal Finance Minister Muhammad Aurangzeb said that the government aims to gradually reduce its reliance on commercial banks for financing by expanding access to government securities through digital investment platforms.
