Buying continues, PSX gains over 400 points during trading

Bulls continued to make further inroads at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 400 points during the intra-day trading on Monday. Stocks kicked off the week on a positive note, as the KSE-100 Index hit an intra-day high of 163,602.15 during the opening hours of trading. At 12:40pm, the benchmark index was hovering at 162,348.94, an increase of 413.75 points or 0.26%. Across-the-board buying interest was observed in key sectors including automobile assemblers, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including ARL, MARI, OGDC, POL, PPL, PSO, SNGPL, SSGC, MCB, MEBL and UBL, traded in the green. The PSX ended the previous week with strong gains despite persistent geopolitical uncertainty, as the KSE-100 Index rose 2,342.29 points or 1.5% to close at 161,935.19.