Pakistan Stock Exchange Extends Bullish Run with Modest Early Gains

The Pakistan Stock Exchange (PSX) opened the new trading week on a positive note, with the benchmark KSE-100 Index registering modest gains during Monday’s early trading session. The index reached 148,960.69 points, reflecting an increase of 342.92 points or 0.23 percent from its previous close of 148,617.77 points.

Market activity demonstrated relative stability in the initial hours. The KSE-100 hit an intra-day high of 149,229.85 points and a low of 148,500.20 points, indicating a narrow trading range. Investor sentiment was characterized as cautiously optimistic, influenced by a combination of domestic and international economic developments.

This positive start continues the strong bullish momentum from the previous session. On Friday, the PSX had witnessed a significant rally, with the KSE-100 Index surging by 1,274.27 points, or 0.86 percent. Trading volumes also saw a substantial increase, with over 1.34 billion shares traded valued at Rs. 52.3 billion, compared to 935 million shares worth Rs. 33.5 billion the day before. Market breadth on Friday was positive, with 236 companies advancing against 203 that declined.