Pakistan Stock Exchange (PSX) opened with bullish in the first trading day of the business week as the KSE-100 benchmark reached 46,694.31 after an increase of 461.72 or 1.00% Monday.
The PSX remained bearish in the last week, where investors displayed lack of interest in market activity fearing an increase in consumer gas prices and resorted to profit-taking.
The Pakistani rupee also continued to gain strength against the US dollar, standing below 286.75/$ on Monday.
In addition, the Election Commission of Pakistan (ECP) also released the constituencies’ delimitation lists proving as a major step towards general elections early next year.
Also, there has been a downturn in international crude oil prices.