The Pakistan Stock Exchange (PSX) saw a strong rebound on Monday morning as investors resumed buying after days of profit-taking. The benchmark KSE-100 Index gained over 950 points during early trading, rising to 155,389.90 at 10:05 am.
The rally was broad-based, with significant buying in commercial banks, fertiliser companies, oil and gas exploration firms, refineries, and power generation. Market movers included ARL, HUBCO, MARI, POL, PPL, PSO, WAFI, HBL, NBP, and UBL, all of which traded in positive territory.
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Investors are awaiting the State Bank of Pakistan’s Monetary Policy Committee (MPC) meeting later in the day. Analysts expect the central bank to maintain the key policy rate at 11%, citing inflationary pressures from higher gas tariffs and flood-related disruptions.
Last week, the market experienced heightened volatility, swinging between record intraday highs and sharp sell-offs. The index hit an all-time peak of 157,817 points but ended the week modestly higher at 154,440 points.