Karachi: The Pakistan Stock Exchange witnessed a powerful recovery on Monday, where strong buying by investors once again pushed the market in a bullish direction. The KSE-100 Index recorded a strong improvement of 1384 points during trading, after which the index approached the closing at 168,062 points.
The index closed at a low of 166,024 points and a high of 168,246 points during the day’s trading, indicating that investor sentiment is improving. The market closed at 166,677 points last week, so today’s rally has invigorated the overall investment climate.
A market expert said that recent economic measures, controlled inflation and expectations of a possible cut in interest rates have given investors hope that the market can show further improvement in the coming days. According to him, if stability remains on the external front, the target is not far from 170,000 points.
Banking, cement and technology sectors were particularly prominent in today’s session, which supported the overall index.
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