Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on Monday as the benchmark KSE-100 Index gained 10123.10 points with a 9.45% positive change, closing at 117,297.73 points against 107,174.63 points in the previous session.
This is the biggest single-day surge in the recent history of the stock market.
Triggered by the IMF approval for new tranche of the loan and the ceasefire between Pakistan and India after attacking on each other, the stock market rallied soon after it opened in the first trading day of the week and forced the administration to halt the trading for an hour.
The index hit an intraday high of 117,327.78 and a low of 115,794.37, reflecting strong bullish sentiment throughout the session. Total traded volume stood at 343,608,734 shares, while the value of shares traded clocked in at Rs. 21.929 billion.
As many as 461 companies traded their shares, out of them 403 remained in green, 26 in red and 32 neutral.
Across-the-board buying momentum was observed in key sectors, including banking and energy stocks. Index-heavy stocks, including HUBCO, NRL, MARI, OGDC, PPL, POL, PSO, SNGPL, SSGC, HBL, MEBL, MCB, and UBL traded in the green.
