KARACHI: The Pakistan Stock Exchange (PSX) maintained its bullish momentum as the KSE-100 index surged more than 550 points in Monday’s early trading session just to decline over 550 points in the later hours.
The benchmark index initially reached a peak of 65,069.43 before pulling back to 64,781.11 mid-day, yet the KSE-100 remained up by more than 0.4%, equivalent to a gain of 266 points. The stock market displayed a mixed trend, with certain sectors such as automobile assemblers, chemical, commercial banks, and refineries showing positive performance while others like oil and gas exploration companies and OMCs experienced declines.
Last week, the market saw a bullish trend characterized by substantial gains, primarily driven by strong buying from local investors. The KSE-100 index surged by 2,063.86 points on a weekly basis, surpassing the 64,000 mark and concluding at 64,514.90 points.
