News Desk
Investors stayed put as the share prices rallied again during trading in the opening session at Pakistan Stock Exchange (PSX) on Monday with the index surging by over 3,000 points,
The buyers reposed their confidence in the stocks by lifting the benchmark KSE-100 index by 3,008.25 or 2.67 percent to 112,521.39 as compared to the previous day’s close of 109,513.14 points.
The brisk trading was rooted mainly on local mutual funds.
So far, shares of 413 companies were traded, of which prices of 312 were up while 77 were down, with 15 unchanged.
On the last trading day on Friday, the stock market had rebounded, recovering over 3,200 points as investors took advantage of attractive valuations and positive economic indicators.
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index had surged by 3238.17 points, or 3.05% to close at 109,513.14 on Friday.
Experts said that the market was recovering after profit-taking as valuations have become attractive and the strong recovery came after a week marked by intense volatility and profit-taking that led to steep decline.
Recent data from the State Bank of Pakistan (SBP) revealed a 112% year-on-year surge in profit and dividend repatriations by multinational companies, reaching $1.128 billion in the first five months of FY2025. November alone accounted for $321.6 million, a 586% year-on-year increase, although this marked a 22.3% month-on-month decline due to the clearing of pending payments and eased restrictions on dollar outflows.
