Pakistan stock market gains nearly 3,900 points as investor confidence improves alongside positive trends in Asian markets.
Image Techjuice
Pakistan’s stock market witnessed a powerful rebound on Monday as the benchmark KSE-100 Index crossed the 171,000-point mark during a strong bullish session.
The market opened with major momentum, gaining more than 3,600 points in early trading. The rally continued throughout the day, pushing the KSE-100 Index up by 3,881 points to close at 171,725 points.
The previous trading week had ended with the index at 167,844 points, making Monday’s recovery one of the strongest recent gains.
Analysts linked the sharp rise to improved investor confidence and positive sentiment in regional markets.
Asian stock markets also recorded gains, with Japan’s Nikkei 225 rising more than 3 percent.
Hong Kong’s Hang Seng Index gained 0.86 percent, while China’s Shanghai Composite Index rose 0.57 percent.
South Korea’s KOSPI and Indonesia’s Jakarta Composite Index also ended the day in positive territory.
Meanwhile, the Pakistani rupee showed slight improvement in the interbank market, with the US dollar slipping by two paisas to close at Rs278.50.
