The Pakistan Stock Exchange (PSX) witnessed a bullish trend soon after it opened on the first trading day of the week on Monday.
The benchmark KSE-100 Index gained over 600 points within minutes to 120,285.54 points against 119,649.14 points in the previous session. At 9:40, the stock exchange of trading at 119,797.06 points.
Previous session:
The Pakistan Stock Exchange (PSX) closed lower on Friday as the benchmark KSE-100 index dropped over 300 points after a range-bound session. The index oscillated between the intra-day high of +544 points and the intra-day low of -421 points, reflecting investor caution after recent record-breaking gains.
The muted sentiment was largely driven by a lack of fresh triggers and a wait-and-see approach ahead of the weekend. Positive contributions from Engro Holdings, Systems Limited, Bank AL Habib, UBL, and Bank Alfalah added 271 points, but were outweighed by declines in Fauji Fertiliser Company (FFC), Lucky Cement, Mari Petroleum, OGDC, PSO, and Engro Fertilisers, which dragged the index down by 476 points.
At the close of trading, the benchmark KSE-100 index posted a decline of 312.77 points, or -0.26%, and settled at 119,649.14.
