PSX soars by record 4,411 points

Pakistan Stock Exchange (PSX) on Monday boasted a highly bullish rally, where the KSE-100 index surged by a massive 4,411 points, attributed to falling government bond yields, declining lending rates, and easing political tensions, particularly the ongoing talks between the government and the opposition. Analysts also cited strong economic indicators such as rising exports, remittances, and foreign exchange reserves as key drivers behind the rally. Stock buying took place across the board, particularly in major sectors including oil and gas, fertiliser and power. They contributed to the market's recovery, which experienced volatility last week. The day's trading was marked by robust activity, with a total traded volume of 858 million shares and traded value of Rs50 billion.