The Pakistan Stock Exchange (PSX) continued its fast run on Monday, the benchmark index closed at 1,590 points or 0.98 % to 163,847.
The index touched an intra -height of 1.646 points as aggressive company purchases, especially local mutual funds, fueled the rally.
Data from the National Clearing Company of Pakistan Limited (NCCPL) shows that bilateral funds were only buyers on Friday, and today’s meeting pushed forward this pace, which provided strong support to the market, topline securities.
The key sectors combined 1,017 points in the index collectively with FFC, PSO, HBL, NBP, and FABL. However, some pressure from Engrooh, Destiny, DGC, and MTL, cut the benefits 206 points.
Compared to the previous session, commercial activity was slightly suppressed, with a quantity of 1.282 million shares and PKR trade cost 65.7 billion. The World Call Telecom (WTL) led the volume chart, changing hands with 118 million shares.
Strong institutional influx and better sentiments of investors kept the bulls firmly under control, which pushed PSX into a new record area.