KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) kicked off the first trading day of the new business week on a positive note, as the benchmark index witnessed a notable gain.
At the opening of Monday’s session, the KSE-100 index stood at 147,068.83 points, marking an increase of 577.20 points, or 0.39 percent, compared to the previous close.
The upbeat start comes after the market ended the last session on a bearish note, with investor sentiment subdued due to profit-taking.
Trading activity remains active across key sectors, including banking, energy, and cement, as investors look to capitalize on lower valuations from the previous session’s dip.
In previous trading session on Friday, the benchmark index shed 37.67 points, a slight negative change of 0.03 percent, closing at 146,491.63 points against.
A total of 473,601,407 shares worth Rs 32.882 billion were traded during the day.
As many as 479 companies transacted their shares in the stock market, 226 of them recorded gains and 219 sustained losses, whereas the share price of 34 companies remained unchanged.
Meanwhile, share markets edged higher in Asia on Monday ahead of what is likely to be an eventful week for U.S. interest rate policy, while oil prices slipped as risks to Russian supplies seemed to fade a little.
A general risk-on mood saw indices in Japan and Taiwan make record peaks, while Chinese blue chips reached their highest in 10 months.
US President Donald Trump now seemed more aligned with Moscow on seeking a peace deal with Ukraine instead of a ceasefire first, after meeting Russian President Vladimir Putin in Alaska on Friday.
Trump will meet Ukrainian President Volodymyr Zelenskiy and European leaders later on Monday to discuss the next steps, though actual proposals are vague as yet.
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