The Pakistan Stock Exchange continued its bullish run on Monday, with the benchmark KSE-100 Index touching fresh historic levels during volatile trading, reflecting strong investor confidence and sustained buying interest.
Trading began on a positive note, with the Pakistan Stock Exchange opening sharply higher by 964 points. The historic milestone of 173,000 points was crossed almost immediately after the opening bell, setting the tone for the rest of the session.
Market hits new high
During intraday trading, the stock market surged by 2,011 points, hitting a new historic high of 174,412 points. However, volatility remained visible as profit-taking later pulled the index briefly below the 174,000-point mark.
Despite the fluctuations, the market managed to stay largely positive, underscoring the strength of the ongoing rally.
Index remains above 173,000 level
The benchmark index remained above the historic 173,000-point level for most of the session. At one stage, the KSE-100 Index was trading at 173,440 points, showing a solid gain of 1,040 points.
Market analysts noted that strong participation across key sectors helped cushion the impact of intraday selling pressure.
Momentum carries over
It is worth recalling that the Pakistan Stock Exchange had already witnessed a strong buying trend in the last session of the previous week. On Friday, the benchmark KSE-100 Index closed at a new record level, driven by improved investor confidence.
Throughout last week, the positive momentum dominated trading sessions, pushing the index to an intraday high of 172,582.95 points, laying the foundation for the current rally.
Market observers say the sustained bullish trend, despite volatility, signals continued optimism among investors. The ability of the index to hold above key psychological levels is being viewed as a strong indicator of market resilience in the near term.
