Strong Bullish Trend After Initial Slump; Stock Market Hits Historic High

Karachi: The Pakistan Stock Exchange (PSX) experienced a remarkable turnaround on Monday, with a strong bullish trend following an initial slump. After opening the market with a decline, the KSE-100 Index soared to a new all-time high, crossing the 110,000 points mark.
The trading week began with a downturn, as the market dropped by 1,004 points, sending the KSE-100 Index down to 108,049 points. However, a sharp recovery ensued, and the index regained 709 points, stabilizing at 109,000 points.
As the day progressed, the market showed impressive momentum, with the KSE-100 Index surging by 1,195 points. This rally took the index past the 110,000 points threshold, closing at 110,244 points – a historic peak.
It is worth noting that last week, the PSX also witnessed unprecedented gains, with the KSE-100 Index surpassing several significant milestones. For the first time in Pakistan’s history, the market crossed psychological barriers of 102,000, 103,000, 104,000, 105,000, 106,000, 107,000, 108,000, and 109,000 points, setting a total of eight new records in a single week.
This surge has generated optimism among investors and further solidified the market’s strong performance in recent months.