Pakistan Stock Exchange (PSX) opened the first trading session of the week on a highly positive note, with the benchmark KSE-100 Index recording a gain of over 1,400 points during intraday trading.
This surge follows a strong close last Friday when the KSE-100 Index had gained 414 points, setting the stage for today’s rally. With this significant uptick, the index surpassed the 118,000-point mark, climbing 1,471 points to reach 118,788 points.
Experts attribute the bullish momentum to major developments regarding the reduction of circular debt. Notably, the government is set to begin payments next month on a low-interest loan agreement worth Rs 1,275 billion with 18 banks—a move seen as a key step in easing the energy sector's financial burden.
Oil and gas sector stocks remained in the limelight throughout the session, further boosting investor confidence.
