KARACHI: The Pakistan Stock Exchange (PSX) started the new business week on a strong footing, with the benchmark KSE-100 Index recording a sharp gain during early trading on Monday.
At the opening bell, the market surged by more than 1,500 points, pushing the KSE-100 Index to around 184,697 points, reflecting renewed investor confidence and positive market sentiment.
The rally comes after a significant decline in the previous session. On the last trading day of the previous week, the KSE-100 Index had closed at 184,129 points, down by 3,702 points, following heavy selling pressure.
Market analysts attribute the early gains to bargain hunting, improved investor sentiment, and expectations of economic stability. Investors appeared optimistic at the start of the week, reversing some of the losses seen earlier.
Trading activity remained brisk in the initial hours, with most sectors participating in the upward trend.
Further market direction is expected to depend on economic indicators, policy developments, and global market cues in the coming days.
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