Pakistan Stock Exchange sees huge rally; the 100 index crosses 162,000 points

Investor confidence was restored in the Pakistan Stock Exchange at the start of the business week, and the market saw a significant rally. Due to strong buying by investors in the stock market once again, the 100 index crossed the 162,000-point level.

According to the data, the 100 index recorded a significant increase of 993 points in the first session of trading, after which the index was seen trading at 162,625 points.

According to economists, the trend of investors was positive due to the improvement in international economic conditions and stability in the country’s monetary policy. Investors expect that further improvement will be seen in the market in the coming days.

Analysts say that investor interest in the banking, energy and cement sectors remained significant, which has made the overall market sentiment very positive.