Bulls rampant at PSX as shares climb 4,000 points, marking 2nd highest single-day gain

Bullish momentum continued at the Pakistan Stock Exchange (PSX) as shares climbed more than 4,000 points on Monday. The benchmark KSE-100 index climbed 3,021.94, or 2.76 per cent, to stand at 112,535.08 points from the previous close of 109,513.14 at 11:18am. At 2:46pm, the index stood at 113,874.01, up by 4360.87 points or 3.98pc, from the last close. Finally, the index closed at 113,924.41 points, up by 4411.27 points or 4.03pc, from the last close. Topline Securities, a brokerage firm in Karachi, noted that this was the KSE-100 index’s second highest gain. Yousuf M. Farooq, director research at Chase Securities, stated, “After a healthy correction last week, the market has experienced fresh inflows today.”