Karachi: The Pakistan Stock Exchange (PSX) 100-index reached a historic high on Monday, marking a strong start to the trading week. The index surged 1,918 points to touch 174,319 at one stage, its highest level ever. Positive momentum continued throughout the session, reflecting investor confidence.
Market analysts said the rally was driven by strong performance in major blue-chip stocks. Banking, energy, and technology sectors led the gains, while trading volumes remained healthy. Investors were optimistic about upcoming economic announcements and corporate earnings.
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At the time of reporting, the PSX 100-index was trading 1,511 points higher at 173,912, sustaining most of the day’s gains. Brokers noted that foreign and local investors contributed to the bullish trend.
Experts believe that the stock market’s upward trajectory indicates renewed investor confidence in Pakistan’s economy. They cautioned, however, that volatility may continue due to global market trends and local policy developments.
The PSX’s historic surge sets a positive tone for the rest of the week, with investors closely watching upcoming economic indicators and corporate announcements.