The Pakistan Stock Exchange (PSX) started the new week on a strong footing as the KSE-100 index bounced back above the key 147,000 level, adding more than 500 points after Friday’s decline.
Bullish opening sets the pace
Trading on Monday began with an early lift of nearly 190 points, signaling positive momentum across the board. The upward trend continued throughout the day, with the benchmark index eventually closing at 147,075 points — a solid gain of 584 points from the last session.
Rebound after last week’s slip
The PSX had closed below 147,000 on Friday, marking a weak end to the week. However, renewed buying activity and improved investor confidence in major sectors fueled a quick recovery on the first trading day. In parallel, Pakistan’s foreign exchange reserves showed a mild increase, with the State Bank of Pakistan (SBP) reporting a $1.1 million rise, pushing total reserves to $19.497 billion.
Central bank reserves inch higher
The SBP’s weekly data highlighted that its own holdings moved up by $11 million to $14.243 billion. On the other hand, commercial banks saw a minor dip, with dollar deposits slipping by $10 million to settle at $5.254 billion.
With the PSX regaining momentum and reserves showing stability, analysts suggest the Pakistan Stock Exchange PSX may continue its positive trend if investor sentiment remains upbeat.
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