The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index witnessed bullish trend on Monday, gaining 1,421 points, a positive change of 1.08 percent, closing at 133,370 points, a new all-time high.
Brokerage house Topline Securities highlighted that the rally persisted throughout the day, with the index hitting an intraday high of 133,862, fueled by strong performance in banking stocks amid expectations of robust earnings and dividend payouts for the June quarter.
Textile stocks also advanced, likely supported by optimism over a potential tariff agreement with the US.
Major contributors to the index’s upward movement included HBL, FFC, BAFL, MCB, and LCI, which collectively added 476 points. On the flip side, the index faced some pressure from negative contributions by AICL, EFERT, and MARI, itadded.
A total of 919,907,440 shares were traded during the day as compared to 733,079,943 shares the previous trading day, whereas the price of shares stood at Rs. 45.311 billion against Rs. 34.924 billion on the last trading day.
As many as 479 companies transacted their shares in the stock market, 299 of them recorded gains and 155 sustained losses, whereas the share price of 25 companies remained unchanged.