Strong rally at Pakistan Stock Exchange drives KSE-100 up 2.69%

A broad "all is well" sentiment prevailed at the Pakistan Stock Exchange (PSX).

KARACHI: The benchmark KSE-100 Index concluded Monday’s trading session on a buoyant note, surging 4,639 points (+2.69%) to close at 177,039 points.

A broad “all is well” sentiment prevailed at the Pakistan Stock Exchange (PSX), as market participants welcomed the government’s reform-oriented budget measures and responded positively to reports of a preliminary peace agreement between the United States and Iran, which also eased concerns over global oil supply disruptions.

On the index contribution front, index heavyweights UBL, HUBC, LUCK, ENGROH, and FFC emerged as the primary drivers of upside momentum, collectively contributing 1,790 points to the benchmark’s gain.

Market participation with total traded volume 988.08 million shares and total traded value amounting to PKR 63.3 billion  reflecting strong investor conviction and broad-based market engagement across the board.