Summary
- At 12:58pm, the KSE-100 index stood at 171,102.84 points, up 218.26 points, or 0.13%.
- The index surged by as much as 752.54 points, or 0.44%, to reach 171,637.12 points at 9:33am before giving up some of its gains.
- During the session, the index moved between an intraday high of 171,732.62 points and a low of 170,902.75 points.
Pakistan’s stock market started the week on a positive note on Monday, with the benchmark KSE-100 index gaining ground amid declining oil prices and hopes for diplomatic progress in the Iran conflict. However, the early rally weakened by midday as investors trimmed their gains.
At 12:58pm, the KSE-100 index stood at 171,102.84 points, up 218.26 points, or 0.13%.
The index surged by as much as 752.54 points, or 0.44%, to reach 171,637.12 points at 9:33am before giving up some of its gains.
During the session, the index moved between an intraday high of 171,732.62 points and a low of 170,902.75 points. Trading volume reached 65.08 million shares, with the total traded value standing at approximately Rs5.76 billion.
Easing concerns over regional energy supplies also supported investor sentiment. A partial recovery in Saudi Arabia’s oil shipments provided some relief to markets worried about prolonged disruptions to crude supplies.
However, continued attacks by Yemen’s Houthi group kept concerns over the security of energy routes in the region alive, limiting the market’s upward momentum.
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