Pakistan Stock Market surges by 1353 points, investor confidence restored

Karachi: Investors showed great confidence on the first day of the week at the Pakistan Stock Exchange, resulting in a huge rally in the market. At the end of the business, the benchmark 100 index closed at 149,971 points after increasing by 1,353 points.

During the trading session, the index touched a high of 150,066 points at one point, but also saw a low of 148,500 points during the day. 1.18 billion shares were traded in the market today, worth about Rs 48 billion.

The market had closed last week at 148,617 points, thus starting the new week on a positive note and increasing investor confidence.

According to experts, the recent rally is the result of investors’ expectations and growing confidence in government policies. If the trend continues, the index may gain further stability after crossing the psychological threshold of 1,50,000. However, some analysts advise caution as political and economic uncertainties still pose a challenge for the market.