The Pakistan Stock Exchange (PSX) on Monday witnessed a return of bullish momentum after an initial decline, driven by improved investor confidence and increased trading volumes.
In the morning session, the benchmark index rose by 295.14 points, or 0.18%, reaching 166,972.83 points.
Buying activity was observed across key sectors including automobile assemblers, cement, commercial banks, fertilizers, oil and gas exploration companies, and OMCs. SNGPL, PSO, PPL, OGDC, Mari, MEBL, MCB, WAPDA, and NBP were seen trading in the positive zone.
Last week, the stock market witnessed a strong upward trend, with the benchmark KSE-100 Index gaining 4,574.78 points or 2.8%, closing at 166,677.70 points.
On the global front, Asian stocks opened cautiously but steadily on Monday, marking the start of the final month of 2025. Expectations of a U.S. interest rate cut supported investor risk sentiment ahead of key economic data.
In the currency market, all eyes were on the Japanese yen, which strengthened to 155.64 per U.S. dollar.
In equities, excluding Japan, MSCI’s broadest Asia-Pacific index remained steady at 703.19. The index has risen 23.5% so far this year and is on track for its best annual performance since 2017. Japan’s Nikkei Index, however, fell by 1.3% in early trading.
U.S. stock futures traded lower during Asian hours, while Hong Kong’s Hang Seng Index rose by more than 1%, providing support to overall Asian markets.
