KSE-100 up 807 points, opens above 86,000 points mark once again

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on Monday (yesterday), as the benchmark KSE-100 index surged by 807.42 points, closing at 86,057.51 points.

This is up from Friday’s closing of 85,250.09 points. Trading volumes also saw a boost, with 474.9 million shares traded on the opening day of the week, up from 323.9 million shares in the prior session.

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Of the 445 companies that participated in the market, 269 saw gains, while 124 experienced declines, and the remaining 52 companies maintained their stock prices unchanged, analyst reports said.

Market experts attribute the positive sentiment to the materials and industrial sectors, as well as overall improvement in the investor confidence, bolstered by improved trading volumes and increased valuations.

Analysts also pointed out that the broader rally is reflective of favourable market conditions, though caution remains around potential external economic challenges that could affect future market stability.