The Pakistan Stock Exchange (PSX) surged past the 125,000 mark on Monday, fueled by positive investor sentiment amid an improving economic outlook.
As of 1:25 PM, the benchmark KSE-100 index was recorded at 125,518.65 points, reflecting a gain of 1,139.59 points, or 0.92%.
Strong buying activity was noted across key sectors such as automobile assemblers, cement, commercial banks, oil and gas exploration, OMCs, power generation, and refineries. Prominent index-heavy stocks including ARL, HUBCO, MARI, OGDC, PPL, POL, PSO, and SSGC traded in the green.
The PSX had already closed the previous week on a bullish trajectory, with the KSE-100 index climbing 3.6% week-on-week to reach a historic high of 124,379.06 points.
According to Topline Securities Ltd, the benchmark index surged by 4,355.83 points or 3.63% over the week, largely driven by anticipated foreign inflows and easing regional tensions. Notably, the market experienced a dramatic mid-week rebound, posting its second-largest single-day gain of 6,079 points (a 5.23% rise), following the announcement of a ceasefire.
