Positive momentum continues at PSX, KSE-100 up nearly 900 points in early trade

Investor sentiments remained positive at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 900 points during the opening minutes of trading on Monday. At 9:33am, the benchmark index was hovering at 186,247.76, up by 875.56 points or 0.47%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs and refinery. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, POL, PSO, MCB, MEBL and NBP, traded in the green. During the previous week, the PSX extended its bullish momentum with the benchmark KSE-100 Index gaining more than three percent as easing geopolitical tensions in the Middle East, lower international oil prices and encouraging domestic macroeconomic indicators supported sentiment.