PSX surges as blue-chip buying drives KSE-100 index above 150,000

ISLAMABAD: The Pakistan Stock Exchange (PSX) witnessed a significant rebound on Monday, with the benchmark KSE-100 index climbing 837.50 points to close above the 150,000 mark. The surge was attributed to a late-session rally, primarily driven by renewed interest in blue-chip stocks.

According to market analysts, the trading session began on a cautious note, but investor sentiment improved as the day progressed. The renewed buying in key sectors led to a sharp uptick in the index during the latter part of the session.

The KSE-100 index, which serves as the main indicator of market performance, ended the day at 150,325.18 points, marking a substantial gain from the previous close. Analysts noted that the positive momentum was largely due to institutional investors taking positions in leading companies, particularly in the banking, energy, and cement sectors.

Market participants highlighted that the rally was supported by expectations of improved corporate earnings and optimism regarding the macroeconomic outlook. The late-session buying spree helped the market recover from earlier losses and pushed the index to new highs.

Trading volumes also saw an uptick, reflecting increased participation from both local and foreign investors. The overall market sentiment was described as bullish, with several blue-chip stocks recording notable gains.

Analysts believe that the current upward trend could continue if positive economic indicators persist and investor confidence remains strong. However, they also cautioned that external factors and policy developments could influence future market movements.

The PSX's performance on Monday is seen as a reflection of growing optimism among investors, with many hoping that the positive momentum will be sustained in the coming sessions.