Pakistan Stock Exchange witnesses strong bullish rally

The Pakistan Stock Exchange (PSX) witnessed a strong bullish rally on Monday, with investors adding over PKR 165.71 billion to the market”s total value. The benchmark KSE-100 Index surged by 1,384.50 points, or 0.83 percent, to settle at 168,062.19.

The session was characterized by considerable investor confidence, as the KSE-100 Index navigated a trading range of more than 2,200 points. The index reached an intraday high of 168,246.23 against a low of 166,024.80 before closing near its peak for the day.

Supporting the broad-based positive momentum, the KSE-30 Index also recorded substantial gains. The index advanced by 354.51 points, a 0.70 percent increase, to close at 51,209.68. It touched a daily high of 51,286.15 and a low of 50,602.21.

Trading activity in the regular market intensified, with turnover climbing to 735.52 million shares from the previous session”s 592.74 million. In monetary terms, the traded value rose to PKR 46.18 billion compared to PKR 41.96 billion on the prior day.

In stark contrast, the Deliverable Futures Contracts (DFC) segment experienced a significant contraction in activity. Volume plummeted to 206.55 million shares from 824.59 million, while the traded value saw a steep decline to PKR 14.58 billion from the previous day”s PKR 40.30 billion.

Activity in other market segments remained minimal, with minor transactions recorded in the Open-end Leverage (ODL) and Cash Settled Futures (CSF) markets.