The Pakistan Stock Exchange (PSX) closed on a positive note on Monday, with the KSE-100 Index finishing at 139,380.05, up by 172.77 points, or 0.12%. The index traded within a range of 953 points throughout the day, with investor optimism driven by expectations of a policy rate cut in the upcoming Monetary Policy Committee (MPC) meeting. The market was buoyed by the anticipation of monetary easing and strong corporate earnings reports.
Buying activity was observed across key sectors, including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs, and refineries. Stocks such as PRL, ARL, MARI, OGDC, PPL, POL, PSO, SSGC, and SNGPL saw substantial gains, helping push the market upwards.
The KSE-100 Index began the day near the 140,000 level, reflecting a positive sentiment as investors priced in the potential easing of monetary policy. The market also followed a positive trend from the previous week, which saw the index add 610 points, or 0.44%, closing at 139,207 points.
With the total traded volume reaching 213.99 million shares, the market remained active, supported by sectors such as cement, pharmaceuticals, fertilizer, technology, and automobile assemblers. However, commercial banks and power generation stocks weighed on the index, contributing to fluctuations throughout the session.
Despite the mixed sector performance, market analysts remain optimistic, with the 137,000 level serving as a strong support point for the KSE-100 Index. The outlook for the near term remains positive, as expectations of a potential policy rate cut could provide further support to the market in the coming weeks.
