Pakistan Stock Exchange surges above 114,000 mark on strong investor sentiment

The Pakistan Stock Exchange (PSX) experienced a significant rally on Monday, marking a strong start to the new business week as the market surged past the 114,000-point threshold. During intraday trading, the benchmark KSE-100 index soared by 2,700 points, crossing the key 114,000 mark.
Market experts attribute this surge to several positive factors, including a recent cut in the policy rate and a substantial influx of capital from banks. Reports indicate that local mutual funds, primarily driven by banks, have injected approximately Rs58 billion into the market, which has greatly boosted investor confidence and sparked a wave of optimism among market participants.
The PSX had witnessed volatility the previous week, closing at 111,351 points after gaining 927 points on Friday. However, Monday’s sharp gains indicate a reversal in investor sentiment, with strong buying activity driving the market higher.
A total of 815,920,043 shares were traded during the day, with their value standing at Rs32.917 billion. Out of the 443 companies that transacted shares, 223 recorded gains, 176 sustained losses, and 44 companies saw no change in their share prices.
Pakistan Navy Seizes $972M Drugs in Major Operation
11 hours ago
United States Imposed New Sanctions on Russia, Says Trump
The United States has imposed new sanctions on Russia to pressure President Vladimir Putin to end the war in Ukraine.…Israel Passes Bill to Annex Occupied West Bank Territory
The Israeli parliament has given initial approval to a controversial and illegal bill to annex the occupied West Bank. This…PAF Chief Visits Romania to Boost Defence Ties
Rawalpindi: During an official visit to Romania, Air Chief Marshal Zaheer Ahmed Baber Sidhu, Chief of the Air Staff of…“Iran Is the True Face of Terrorism, But the Door to Friendship Remains Open”
Washington — The White House has strongly reacted to remarks made by Iran’s Supreme Leader Ayatollah Ali Khamenei, who recently…
Rapid increase in HIV cases among children in Nawabshah
A serious health concern has come to light in Sindh, as officials have reported a rapid increase in HIV cases…Dengue and Malaria Cases Continue to Rise in Interior Sindh
Dengue and malaria continue to spread rapidly across Hyderabad and several districts of interior Sindh, as hospitals remain flooded with…An incident of violence against polio workers in Karachi
An incident of violence against polio workers in Karachi took place in FB Area Block 14, Goharabad. A team giving…258 Prisoners in Balochistan Jails Suffer from TB, AIDS, and Hepatitis
A recent health report has revealed that 258 prisoners in Balochistan jails are suffering from TB, AIDS, and Hepatitis. These…
United States Imposed New Sanctions on Russia, Says Trump
The United States has imposed new sanctions on Russia to…7 hours agoMaryam Nawaz Launches Free Flight Card for Skilled Youth
The Punjab government has taken an important step to boost…8 hours agoIsrael Passes Bill to Annex Occupied West Bank Territory
The Israeli parliament has given initial approval to a controversial…9 hours agoEx-Ministers in KP Still Hold Onto Government Vehicles
Many official vehicles are still in the possession of former…9 hours ago