The PSX witnessed a bullish start to the week as its benchmark KSE-100 Index surged by 1,017.66 points, marking a 0.72 percent increase. The index closed at 142,052.65 points, significantly higher than the previous day’s close of 141,034.99 points.
Market activity also picked up with 666,372,806 shares traded, up from 609,708,910 shares on the last trading session. However, the overall share value dropped to Rs42,924 billion from Rs50,552 billion, reflecting a shift in investor focus towards mid- and small-cap stocks.
Out of 482 companies that participated in trading, 247 recorded gains while 206 saw losses. Share prices of 29 companies remained unchanged, indicating a mixed market sentiment despite the overall bullish trend.
Cnergyico P:K topped the trading volume with 53,705,314 shares at Rs7.39 per share, followed by Pak Int. Bulk at Rs10.44 and Bank of Punjab at Rs13.90 per share.
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On the gainers’ side, Nestle Pakistan Limited led with a remarkable Rs242.26 increase, pushing its share price to Rs7,907.56. Al-Abbas Sugar Mills Limited followed with a Rs82.72 gain, ending the day at Rs1,070.98.
Monday’s impressive rally at the PSX suggests strong investor confidence, possibly driven by improving economic indicators, corporate earnings, or political developments. Despite a lower total traded value, the rise in volumes and blue-chip gains signals a broader interest in equities. Traders should keep an eye on sector-specific trends and global cues, as volatility may still lie ahead.
