PSX Surges to Record High, Posts Largest Single-Day Gains in Five Months

The Pakistan Stock Exchange (PSX) witnessed a historic rally on Monday, as the KSE-100 index skyrocketed by 3,359 points, registering a 3.59% surge and closing at 97,969 points. This impressive rebound came a day after the market suffered its steepest single-day drop in recent months.

Political tensions in Islamabad were alleviated, which promoted the surge. Late Sunday night, protests in the federal capital were dispersed, which restored investor confidence and sparked optimism in the market.

The KSE-100 index experienced a significant increase of over 3,300 points during the initial hour of trading, which established the foundation for a favorable session. By midday, 340 million shares had been traded, resulting in a cumulative value of Rs. 13.28 billion. Of the 384 companies that traded shares, 320 experienced gains, 47 experienced losses, and 17 did not experience any change in their share prices.

Key performers included:

The KSE-100 index’s concluding figure of 97,969 points was a remarkable improvement from the previous day’s close of 94,574 points.

Political stability is a critical factor in the market’s resilience, which is indicative of the increasing confidence of investors. Despite the ongoing challenges, analysts maintain that the PSX’s performance is indicative of optimism regarding economic stability.