Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on Monday, soon after the stock market opened on the first trading day of the week.
The benchmark KSE-100 gained over 9,900 points within minutes to 117,104.11 points against the 107,174.63 points on the previous session. The positive change in the market was 9.26%.
The strong bullish trend returned to the stock market after the Pak-India ceasefire, which increased positive sentiments. Due to a strong and sharp surge in the stock market, trading was suspended for a limited time.
Previous Session:
Stocks bounced back strongly on Friday, lifted by growing confidence ahead of the IMF Executive Board meeting and easing tensions along the border, as investors anticipated a hassle-free nod to Pakistan’s loan request.
Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index surged by 3.52%, or 3,648 points, to settle at 107,174.63.
The index hit an intraday high of 107,541.45 and a low of 102,420.82, reflecting strong bullish sentiment throughout the session. Total traded volume stood at 238.4 million shares, while the value of shares traded clocked in at Rs22 billion.
