The Pakistan Stock Exchange (PSX) on Monday witnessed positive momentum as the benchmark KSE-100 Index gained nearly 900 points.
At close, the benchmark index settled at 185,057.83, a gain of 883.35 points or 0.48%.
A mixed trend of buying and selling was witnessed across key sectors, including cement, commercial banks, fertilizer, oil and gas exploration companies, oil marketing companies (OMCs) and power generation.
During the preceding week, the Pakistan Stock Exchange (PSX) remained under sustained pressure, with the benchmark KSE-100 Index retreating sharply amid disappointment over monetary policy decisions, heightened geopolitical tensions and weaker-than-expected corporate earnings.
However, the market staged a strong rebound in the final session, supported by easing external risks and government support measures.
The KSE-100 Index closed the week at 184,174 points, posting a week-on-week decline of 4,992 points, or 2.6 per cent.
Meanwhile, the business community welcomed Prime Minister Shehbaz Sharif’s recent announcement of incentives for Pakistan’s export industry. Industry leaders described the move as a critical step toward revitalising the manufacturing sector and strengthening the country’s global competitiveness.
Moreover, the federal government is considering selling the reaming stake in the Pakistan International Airlines (PIA) as, after the transfer of management control to a private consortium, the government retains the option to sell its remaining 25 per cent shareholding within three months, valued at approximately Rs45 billion.
