The Pakistan Stock Exchange (PSX) started the trading week with substantial gains on Monday, as robust buying in banking, energy, cement, and auto stocks propelled the benchmark KSE-100 Index by more than 1,500 points. The index opened positively and maintained its upward trajectory throughout the session, reaching an intraday high of 187,328.50, indicating sustained investor confidence.
Intraday Performance and Key Milestones
At 9:39am, the KSE-100 index had already climbed 993.00 points, or 0.54%, to 186,365.20. By 1:44pm, the index was trading at 186,950.90, up 1,578.70 points, or 0.85%, from the previous close of 185,372.20. The market moved between an intraday low of 185,910.38 and a high of 187,328.50, with traded volume reaching 241.16 million shares and a turnover of approximately Rs23.92 billion.
Sectoral Buying and Investor Sentiment
Buying interest was concentrated in major sectors including commercial banks, oil and gas exploration companies, oil marketing companies (OMCs), refineries, cement, fertilizer, and automobile assemblers. This broad-based support lifted the market. Market participants attributed the continued rally to strong investor sentiment, persistent institutional buying, and optimism over the country's improving macroeconomic outlook, with heavyweight banking and energy stocks leading the gains.
