The Pakistan Stock Exchange (PSX) witnessed an unprecedented surge on Monday, with the benchmark KSE-100 Index closing at a record high of 116,169 points, marking a significant gain of 1,868 points in a single session.
The rally was driven by heavy investment from mutual funds, particularly in oil and gas sector shares, which saw strong interest from investors. During the trading session, the stock market gained over 2,300 points at its peak before slightly paring gains by the close.
Trading volumes were robust, with 1.48 billion shares changing hands, amounting to a trading value of Rs67 billion. This reflects growing investor confidence in the market amid improving macroeconomic indicators and positive sentiment surrounding government policies.
Earlier in the day, the KSE-100 Index crossed the 115,000-point milestone for the first time, recording a 1,500-point surge within just 15 minutes of trading. By midday, the index had risen 1,713 points to trade at 116,015 points, setting the stage for the record-breaking close.
Market analysts attributed the strong performance to renewed optimism in the energy sector, with expectations of steady corporate earnings and stabilization of the rupee against the dollar. Additionally, the easing of inflationary pressures and increased foreign investment flows have added momentum to the stock market's upward trajectory.
