KARACHI (Web Desk) – The Pakistan Stock Exchange (PSX) started the week with a strong rally on Monday, fueled by growing investor confidence and positive political developments.
The KSE-100 index soared by 1,522.25 points in early trading, reaching 163,457.44 points, up from the previous close of 161,935.19 points.
Market analysts had forecasted a strong opening for the new business week, and the bullish momentum continued, reflecting optimism in the market.
Traders are hopeful that the upward trend will gain further strength in the coming days.
In previous session, the benchmark KSE-100 index gained 1,277.69 points, a rise of 0.80 per cent, to close at 161,935.19 points on Friday.
A total of 673.45 million shares were traded in the ready market with a value of Rs 34.65 billion, compared to 797.18 million shares worth Rs 35.13 billion on the previous session.
Market capitalisation increased to Rs 18.433 trillion from Rs 18.287 trillion.
Out of 480 companies active in the ready market, 276 closed higher, 155 declined and 49 remained unchanged.
