ISLAMABAD: The Pakistan Stock Exchange (PSX) extended its rally on Monday, with the benchmark KSE-100 Index closing at an all-time high amid strong investor confidence.
The index climbed 876 points to settle at 170,741, maintaining positive momentum throughout the trading session. During the day, it touched an intraday high of 171,001 and a low of 170,292, reflecting sustained buying interest across key sectors.
According to Topline Securities, improved market sentiment and investor confidence in selected blue-chip stocks supported the upward trajectory.
Leading contributors to the rally included Pakistan Petroleum Limited (PPL), Systems Limited (SYS), Maple Leaf Cement Factory (MLCF), National Bank of Pakistan (NBP), and United Bank Limited (UBL), which collectively added around 651 points to the index.
Market activity remained robust, with shares of 560 companies traded. Total volume stood at approximately 904 million shares, while market turnover reached Rs47.71 billion. PIBTL emerged as the most actively traded stock, with volumes exceeding 123 million shares.
The record-breaking session underscores renewed investor confidence and positive market sentiment, driven by strong performance in heavyweight stocks and increased trading activity.
Earlier, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) surprised markets by cutting the policy rate by 50 basis points to 10.5%.
The Pakistan Stock Exchange (PSX) concluded the previous week on a strongly bullish note, with the KSE-100 Index reaching a new all-time high of 169,864.53 points, reflecting a week-on-week gain of 1.7%.
Analysts attributed the rally to improving macroeconomic indicators and renewed investor confidence, which spurred broad-based buying across sectors.
Meanwhile, the Pakistani rupee showed a slight gain against the US dollar in the interbank market on Monday, closing at 280.31, up Re 0.01 from the previous session.
