PSX manages modest gains in cautious trade
KARACHI: Extending last week’s mild recovery rally, driven by easing oil prices, the Pakistan Stock Exchange (PSX) on Monday continued to attract buying interest in selective sectors, helping the benchmark KSE-100 index close in the green, though profit-taking towards the end of the session trimmed early gains. Topline Securities Ltd said the bulls staged a modest comeback at the bourse, as…
Karachi's Pakistan Stock Exchange (PSX) witnessed modest gains on Monday, as the benchmark KSE-100 index closed in the green, though profit-taking trimmed early momentum. The bulls staged a modest comeback at the bourse, with easing international oil prices and signs of potential US-Iran de-escalation providing relief to investor sentiment.
The index opened strongly, reaching an intraday high of 848 points, before easing to 171,153.17, up 0.16 per cent. Topline Securities Ltd identified Lucky Cement, Attock Refinery, Fauji Fertiliser, Mari Energies, and Engro Fertiliser as major contributors to the index's gains. Analysts anticipate market volatility and caution against elevated energy prices, external risks, and the upcoming IMF review.
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