The Pakistan Stock Exchange (PSX) kicked off the week on a strong note, with its main index, the KSE-100, hitting a new all-time high, driven by positive market sentiment and significant buying interest. On the first business day of the week, the KSE-100 Index surged past the 69,000 mark, reaching 69,160.00 by midday, a gain of 743.22 points or 1.09 percent.
The momentum in the market was primarily fueled by the energy sector, with experts attributing the rally to a decrease in inflation rates. Furthermore, the market was buoyed by increased liquidity from foreign investors and institutions engaging in stock purchases, enhancing overall market confidence.
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The bullish trend at the PSX was not new, as the previous week also witnessed robust buying from both local and foreign investors, with institutional support contributing to a significant increase of 1,274.66 points in the KSE-100 Index, closing at 68,416.78 points.
