The Pakistan Stock Exchange (PSX) continued its strong upward momentum on Monday, reaching a new historic milestone.
During early trading hours, the benchmark KSE-100 Index crossed the 181,000 level for the first time, showing strong investor confidence. The index gained more than 2,000 points within a short period, reflecting heavy buying activity across the market.
By 10:20am, the KSE-100 Index was recorded at 181,118 points, showing an increase of 1.16 percent compared to the previous trading session. The rally was broad-based, with strong buying seen in several major sectors.
These included banking, cement, automobiles, oil and gas, fertiliser, and power generation, all of which contributed to the overall market strength.
Market analysts believe the sharp rise was mainly driven by renewed institutional buying, as large investors returned to the market with confidence. The fertiliser sector, in particular, performed well, adding further support to the index.
Positive developments in key industries encouraged both local and institutional investors to increase their positions.
Another important factor behind the rally is the easing of inflation, which has improved the overall economic outlook.
Lower inflation has raised expectations that the central bank may reduce the policy interest rate later this month. Hopes of a rate cut have made equities more attractive, as lower interest rates often support business growth and investment.
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