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The Pakistan Stock Exchange (PSX) on Monday experienced an upward trend as the KSE-100 benchmark closed after a positive change of 1547.05 points.
The market witnessed an increase of 1.06 percent, the KSE-100 index closed at 146,929.84 points, as compared to 145,382.79 points on the last trading day.
During the day, the market mostly experienced an upward trend, with a total of 479 shares traded in the stock market, while 242 shares saw profits, 209 saw losses, and 28 remained unchanged.
Last Week, The Pakistan Stock Exchange (PSX) had a largely positive week, driven by investor optimism, corporate earnings announcements, and stable economic indicators, although the week ended with a slight dip.
On Monday, August 4, the benchmark KSE-100 Index gained over 1,017 points, setting a strong tone for the week. The bullish trend continued on Tuesday, August 5, with another 984-point rise, supported by active buying in blue-chip stocks.
Midweek momentum reached its peak on Wednesday, August 6, when the KSE-100 jumped 2,051 points to cross the 145,000-point mark for the first time, a milestone fueled by foreign inflows and upbeat market sentiment.
On Thursday, August 7, the index maintained its upward trend with an additional 558-point gain, although the pace of buying slowed as investors turned cautious after the record-breaking rally.
The week closed on a negative note on Friday, August 8, with the PSX losing over 264 points, as traders engaged in profit-taking ahead of the weekend and global market uncertainties weighed on sentiment.
