Karachi – The Pakistan Stock Exchange (PSX) opened the week with a robust recovery, with the benchmark KSE-100 index climbing 577.20 points (0.39%) to 147,068.83 points in early Monday trading. The rebound followed Friday’s marginal dip of 0.03%, as investors returned to key sectors like banking, energy, and cement, capitalizing on attractive valuations after last week’s profit-taking.
Friday’s session saw 479 active companies, with 226 advancing and 219 declining, while 34 remained unchanged. Volume remained healthy at 473.6 million shares traded, valued at Rs32.9 billion. The renewed buying interest reflects optimism ahead of potential US Federal Reserve rate cuts, with global markets also trending upward.
The PSX rally mirrored gains across Asia, where Japan’s and Taiwan’s indices hit record highs, and Chinese blue chips surged to 10-month peaks. Investors are closely watching the upcoming Jackson Hole symposium for clues on Fed policy, with markets pricing in an 85% chance of a September rate cut.
Oil prices eased as supply concerns waned following US President Donald Trump’s Alaska meeting with Russian leader Vladimir Putin. Trump’s shift toward pushing for a Ukraine peace deal—rather than an immediate ceasefire—could ease energy market volatility. He is set to discuss the proposal Monday with Ukrainian President Zelenskiy and European leaders.
Analysts suggest the market’s recovery could sustain if global risk appetite holds, though domestic political and economic developments will remain key drivers. With corporate earnings season approaching, sector-specific movements may dominate trading in the coming sessions.
