PSX opens week on a positive note

The Pakistan Stock Exchange (PSX) opened the trading week with an instant jump of nearly 400 points, and then continued to move upwards.

The benchmark KSE-100 index opened at Friday’s closing of 117,315.58 points, and jumped to 117,712.7 points immediately. Around half past 10, the index had amassed nearly 1,000 points gain to touch the day’s highest at 118,295.35 points. Some of these gains were dissolved as trading progressed, but the index still managed to stay well above the opening level.

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PSX ended the outgoing week on a positive note as well, increasing by a little over 400 points on the final trading day of the week.

The index is getting strength from overall improvement in macroeconomic indicators and rising corporate earnings. Analysts are also of the view that reduction in utility costs and the efforts of the government to improve import-export avenues will further strengthen the market. On the flipside, Trump’s tariffs are impacting the PSX along with global exchanges as well.

Improving current account surplus, revised foreign exchange reserves target, and upgrade by Fitch ratings have all lent strength to the investor sentiment.

On Monday as well, the KSE-100 index maintained the positive sentiment. Around 11 AM, the index looked like this: