PSX up by nearly 400 points

KARACHI: The Pakistan Stock Exchange (PSX) opened at 85,483.40 points after a positive outgoing week. Soon after opening on Monday (today), the benchmark KSE-100 index jumped 386.44 points to hover around 85,869.84 points.

PSX weekly roundup: banking, E&P sectors boost stock market gains

While the outgoing week saw the oil and exploration sector bringing in most of the rally for the index, Monday’s early trading hours showed the petroleum sector companies trading in red. The banking and telecom sector appeared to be the winners of the Monday morning rally.

Analysts say that the October-December period has historically been the strongest for the stock market, with an average rise of 6.6 per cent during the last quarter since 1992.