KARACHI (Web Desk) – The Pakistan Stock Exchange witnessed a strong bullish trend on Monday, with investors coming out in full force and pushing the market higher.
At the start of the first trading day of the week, the market opened on a positive note, and during intraday trading, the benchmark KSE-100 Index surged by more than 1,100 points, briefly touching the 171,000-point level.
However, by the close of trading, the KSE-100 Index settled at 170,741 points, showing a net gain of 876 points. Market watchers said the bulls were clearly in control for most of the session.
Heavy buying was seen in key sectors, including automobile assemblers, cement, commercial banks, fertilizers, oil and gas exploration companies, oil marketing companies (OMCs), and power generation firms.
Major stocks such as K-Electric, OGDC, POL, PPL, PSO, SNGPL, SSGC, HBL, MCB, NBP, and UBL traded in the green zone.
It is worth noting that in the previous session, the KSE-100 Index had closed at 169,864 points after gaining 1,289 points, setting the stage for the continued upward momentum.
Market analysts said the positive sentiment reflects growing investor confidence, with the market keeping its head above water and ending the day on a strong footing.
