Pakistan Stock Exchange sees strong rally; KSE-100 index rises 1384 points

The new trading week started on the Pakistan Stock Exchange (PSX) with an extraordinary rally, where the strong confidence of investors once again brought the market to a strong position. The KSE-100 index recorded a significant increase of 1384 points during trading, after which the benchmark index was seen trading at 168,062 points.

Despite the market’s intermittent fluctuations, the intraday low was 166,024 points today, while the index also touched a high of 168,246 points during the trading session.
The 100 index closed at 166,677 points at the end of last week, compared to which today’s rally has created new hopes among investors.

According to a financial analyst associated with the market, the current momentum is a sign that investors’ confidence in improving economic indicators and government reforms is gradually strengthening. According to him, this positive trend may continue in the coming sessions as well, if there is no unusual change in the global market and economic situation.

There was significant interest in business community, banking and energy stocks today, which played a significant role in increasing the overall investment volume.