Karachi: The Pakistan Stock Exchange (PSX) continued its positive momentum on Monday as the benchmark KSE-100 index closed sharply higher, gaining 1,567 points to settle at 183,951.51.
The index opened at 182,702 points, touched an intraday high of 184,304, and slipped to a low of 180,589 before recovering strongly by the close. The session ended with a 0.86 percent increase, reflecting renewed investor confidence.
Market participants remained active, with index constituent volume recorded at 437.36 million shares, indicating healthy participation across key sectors.
Banking stocks led the rally, with UBL contributing 286 points, followed by NBP (236 points) and MCB (152 points). Cement giant Lucky Cement and Meezan Bank also supported the upward movement.
On the negative side, FFC emerged as the top dragger, pulling the index down by 107 points, while Sazew, Haleon, Thal, and PSO also added pressure.
Analysts say strong financial sector performance and expectations of economic stability are helping maintain investor optimism. The market’s financial year-to-date return now stands at 46.43 percent, while calendar year-to-date return is 5.69 percent.
Experts believe volatility may continue, but the overall sentiment remains constructive for long-term investors.
