PSX gains nearly 1,000 points as market recovers

The Pakistan Stock Exchange (KSE-100 Index) saw a strong recovery on Monday as positive momentum returned to the market. The benchmark index gained nearly 1,000 points during the trading session.

At the end of the day, the index closed at 163,948.94, up by 954.77 points or 0.59%.

Buying activity was seen across major sectors including automobile assemblers, cement, banks, oil and gas exploration companies, oil marketing companies, power generation, and refineries. Key stocks such as HUBCO, MARI, OGDC, PPL, and POL all closed in positive territory.

Last week, the stock market had faced pressure due to geopolitical tensions and tight financial conditions, which led to a decline in investor confidence. The index had dropped by 4.5% over the week, losing 7,677 points.

In global markets, oil prices also moved slightly lower on Monday. Prices eased after comments from US President Donald Trump about helping ships stuck in the Strait of Hormuz. However, uncertainty between the United States and Iran kept prices high.

Brent crude fell slightly to $108.11 per barrel, while US West Texas Intermediate (WTI) crude dropped to $101.50 per barrel after previous declines.

Overall, the local market showed signs of recovery as investors returned to buying activity after last week’s losses.