PSX opens the new week with a gain of more than 1,500 points thanks to positive triggers.
The Pakistan Stock Exchange’s (PSX) 100-Index saw bullish trade on Monday, rising 1,536.70 points, or 1.34 percent, to close at 116,390.04 points, up from 114,853.33 points on the previous trading day.
The price of shares was Rs. 27.430 billion, down from Rs. 31.628 billion on the previous trading day, and a total of 484,547,019 shares were traded during the day, compared to 458,589,593 shares the day before.
Of the 455 firms that traded their shares on the stock exchange, 247 saw profits and 145 saw losses, while the share prices of 63 companies stayed the same.
According to a note from Topline Securities, the positive momentum was mostly caused by better-than-expected inward remittance numbers, which greatly improved investor morale. It stated that a generally positive trend in regional markets provided additional assistance, enticing local investors to reenter and establish new positions in important industries. Earlier in the day, State Bank of Pakistan (SBP) Governor Jameel Ahmad announced that the central bank had increased its annual prediction following a spike in worker remittances. March 2025 had an all-time high of $4.1 billion.
