PSX jumps 300 points as stability returns

KARACHI: The Pakistan Stock Exchange (PSX) climbed 300 points within an hour after opening on Monday, hovering around 82,376.11 points at 10 AM, after opening at 82,074.44 points.

On Friday, the index closed above 82,000 points mark despite selling pressures from the foreign investors as well as political uncertainty.

PSX weekly roundup: market hits record high amid improving economic indicators

However, as the stability returns to politics and to the economy, the bourse continues its bullish run. Continued decline in inflation, coupled with lower interest rates as announced by the central bank have been improving investor confidence in the market.

Oil and gas exploration sector and the fertilizer sector continues to be the drivers behind the surge in the market, early on Monday.