The Pakistan Stock Exchange (PSX) opened the new fiscal 2025-26 on an upward note, with the KSE-100 reference index increasing by 2,300.18 points during intra-day trading.
The current index is 127,927.49, up 1.83% compared to the previous fence of 125,627.31.
The market affected an intraday summit of 128,149.46, while the lowest level recorded during the session was 126,113.27.
The total negotiated volume amounted to 198.08 million shares, with a negotiation value of RS16.83 billion
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Analysts attributed the gathering to the positive feeling of investors supported by signs of economic and political stability, as well as optimism concerning the budgetary reforms announced in the federal budget.
Earlier Monday, the PSX closed the financial year 2024-25 to a record on Monday, where the reference index KSE-100 has jumped 1,248 points, or 1%, to 125,627.
According to Ahsan Mehanti of Arif Habib Corp, the actions have reached a new summit of all time at the end of the year closure, driven by record negotiation volumes after the overthrow of $ 3.4 billion in funding by China, which increased exchange reserves to more than $ 14 billion, achieving the objective of June 30 of the IMF.
Read: PSX closes the exercise at all high times
At the end of trading, the KSE-100 index recorded an increase of 1,248.25 points, or 1%, and settled at 125,627.31.
In his review, Topline Securities said that the local scholarship had finished the exercise on a high note, advancing the bullish momentum last week with another stellar performance.
The reference index climbed to an intra-day summit of 1,369 points before ending with a gain of 1,248 points (up 1%) to settle at 125,627.
In his comment, Arif Habib Limited (AHL) said that the week had a solid start, the KSE-100 winning 1% to close more than 125,600 points.
Some 71 shares have increased, while 29 fell, where FFC (+ 1.52%), HBL (+ 3.51%) and Bank Al Habib (+ 2.7%) contributed the most to index gains.
Overall, the actions of 481 companies have been negotiated. Among these, 297 actions closed above, 152 fell and 32 remained unchanged.
