Pakistan’s benchmark KSE-100 index made a strong recovery on Monday, surging by nearly 1,200 points after a slow start and closing above the 99,000 mark. The strong performance highlighted investor confidence and market resilience.
The banking sector led the charge, with notable gains in stocks like HBL, NBP, MEBL, UBL, and MCB, which played a crucial role in driving the market’s upward momentum. Additionally, the fertilizer and pharmaceutical sectors contributed significantly to the robust performance, further boosting market sentiment.
This rally occurred amid global optimism despite ongoing political uncertainty in the United States. Asian markets also saw a surge, buoyed by a drop in US bond yields following the anticipated appointment of Scott Bessent as the next US Treasury Secretary. US futures mirrored this positive trend, adding to the overall upbeat market environment.
Asian markets gained momentum, supported by a decline in US bond yields following the anticipated appointment of Scott Bessent as the next US Treasury Secretary. US futures also saw an uptick.
