Karachi: The Pakistan Stock Exchange witnessed a massive rally at the start of the trading week, with the market setting a new all-time high. On Monday, the KSE 100 index rose significantly by 1,495 points and closed at 173,896 points.
The index touched an intraday high of 174,411 points on strong investor interest during trading, while the low during trading was 173,200 points.
According to data, the market closed at 172,400 points at the end of last week, after which today’s rally has further strengthened the overall trend of the market.
Market experts say that this rally in the stock market is the result of hopes for economic stability, better monetary policy signals and the return of long-term investors. According to them, if the economic direction remains the same, this series of bullishness in the PSX can continue in the future.
