The Pakistani Stock Exchange (PSX) witnessed a strong recovery on Monday, as the KSE-100 normative index rose by about 1000 points during the trading during the day, which reflected the direction of landing last week.
At 12:50 pm, KSE-100 reached 115,837.42, which reflects a profit of 984.09 points or 0.86 %. The apostasy has been fueling through the investor’s renewable confidence and purchase on a large scale across the main sectors.
Distinctive gains were recorded in car groups, cement, commercial banks, oil and gas exploration companies, oil marketing companies, and power generation companies. Heavy stock index including Hub Power Company (Hubco), Sui Norter Gas Pipeines Limited (SNGPL), Oil and Gas Development Company (OGDC), Pakistan Petroleum Petroleum (PPL), Pakistan oil fields (POL), major banks such as HBL, MCB, and UBL. Perdated in green, which leads to great support for the index.
The optimistic momentum comes after the fluctuating week, as the measurement index threw 3,938 points-at 3.3 % on one week-closed at 114,853 points on Friday. The market feeling last week by escalating global uncertainty, especially after the tariffs related to US President Donald Trump.
Renewed recovery on Monday in PSX’s optimism signals between investors, as attention is due to local profits and sectoral essentials.
