The Pakistan Stock Exchange (PSX) witnessed its second biggest rally in history on Monday, driven by renewed activity from government and private financial institutions.
The market surged with unprecedented momentum, restoring multiple key thresholds in a single trading session.
The PSX's benchmark KSE-100 Index gained 4,411 points to close at 113,924 points, with intraday trading seeing a peak increase of 4,676 points. This remarkable rally reinstated the 100,000, 111,000, 112,000, and 113,000-point levels, signaling strong investor confidence.
During the trading session, the market also saw the 114,000-point limit restored.
The market's heavyweight shares hit their upper circuits, reflecting the bullish trend. A staggering 85.78 billion shares were traded, with a total value of Rs55 billion, marking one of the most active trading sessions in recent times.
Experts attributed the surge to increased participation by institutional investors and optimism surrounding macroeconomic improvements. The rally is seen as a significant recovery for the market, showcasing its resilience and potential for growth.
