KARACHI: The Pakistan Stock Exchange (PSX) continued its bullish streak on Monday, with buying continuing since the start of trading.
The 100 index recorded a gain of 854 points at the start of trading, after which the index crossed the 163,000-point mark for the first time in history.
However, due to business volatility, the index had risen by 518.66 points, or 0.32 percent, to 162,775.67 points by 12 noon.
A total of 217.06 million shares were traded during the trading session, which shows the interest of investors in the market.
The market witnessed widespread investment in various sectors, including automobiles, cement, commercial banks, fertilizer companies, oil and gas exploration, oil marketing companies, power generation, and refinery.
Shares of major companies such as ARL, Hubco, Mari, POL, PSO, SNGP, SSGC, MCB, Meezan Bank and UBL showed a positive trend.
Last week, the Pakistan Stock Exchange also witnessed a record rally, with the KSE 100 Index closing at a high of 162,257 points, up 4,220 points.
Internationally, most Asian markets also saw an improvement on Monday, while the dollar depreciated.
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