The PSX continued its strong performance from last week, with investors maintaining control throughout Monday’s session.
The benchmark index climbed to an intraday high of 2,783 points and closed at 187,761, marking a gain of 2,662 points, or 1.44 percent. Positive investor sentiment drove broad-based buying across sectors.
Traders remain optimistic due to expectations of an interest rate cut in the upcoming monetary policy announcement. Market participants are increasingly pricing in a 50bps reduction, which supported strong demand for shares across the board.
Among the most active stocks were NML, AICL, IGIHL, and LUCK, attracting investor attention following the release of a recent Topline report. These stocks contributed to the PSX’s overall bullish momentum.
Market analysts said investor confidence remains high as expectations of policy easing encourage market participation. Positive macroeconomic signals and corporate developments also supported the market rally.
The PSX’s performance highlights the influence of policy expectations on investor behavior. Analysts noted that the current sentiment could sustain the market rally in the near term if economic signals remain favorable.
With the upcoming monetary policy meeting, investors are carefully monitoring announcements that could impact the PSX’s trajectory. Strategic investment in key sectors could yield opportunities as the market reacts to new developments.
In other related news also read PSX Hits Record High on Earnings
Overall, the PSX shows resilience, with bullish trends reflecting optimism among investors. Market participants continue to watch interest rate developments closely, which may further shape trading activity in the coming days.
