The Pakistan Stock Exchange (PSX) started the week with a strong bullish trend as the KSE-100 Index showed significant upward movement ahead of the IMF executive board meeting that would decide and consult on the loan package for the Pakistan.
The index surged by 428 points, reaching an all-time high of 81,912 points during intraday trading.
The positive sentiment in the market was reflected right from the opening bell, with the index initially climbing by 251 points, trading at 81,735 points.
The surge was driven by investor confidence, fueled by optimism surrounding the country’s economic outlook and improved market liquidity.
Market analysts attribute the positive trend to favorable global market conditions and local investor interest, particularly in key sectors such as banking, energy, and cement.
The upward momentum is expected to persist as institutional and individual investors continue demonstrating interest in blue-chip stocks.
By midday, strong buying in heavyweight stocks further bolstered the index, solidifying the PSX’s position as one of the region's top-performing markets.
