Stock Market grows 600 points in week’s first trading session

KARACHI: The Pakistan Stock Exchange (PSX) has been posting a robust recovery for almost two weeks now. Except sporadic downturns in the past fortnight, the index has been staying positive.

Friday saw the benchmark KSE-100 opening at 61,914.34 points and closed with 901 points gain at 62,815.81 points. On Monday, the stock exchange opened with a steep hike of approximately 600 points and was seen hovering around 63,393.81 points by 11 AM.

PSX closes strong with 901 points gain

While the increase in the index came from multiple sectors showing that positive momentum in the market as a whole, the E&P sector seemed to be among the top contributors to this gain.

The market snapshot at approximately 11 AM looked like this: