According to Topline Securities, the rally was fuelled by improved sentiment after the State Bank of Pakistan’s latest remarks on the flood situation.

The central bank noted that while the crisis remains ongoing, its intensity is far lower than previous episodes, with the economy showing stronger resilience.

Adding to the positive momentum, the MTS rate eased to 14.95%, providing comfort to leveraged investors and boosting market liquidity.

The energy sector led the charge amid speculation over the upcoming circular debt signing ceremony scheduled for September 17.

On the back of this chatter, OGDC, PPL, and PSO posted sharp gains, drawing aggressive buying interest.

Among key movers, MEBL, TRG, HUBC, and OGDC collectively added 403 points to the index.

On the other hand, profit-taking in FFC, MCB, AKBL, and BAFL shaved off 172 points, partially capping the advance.

Investor participation remained strong, with traded volumes hitting 1,345 million shares and turnover at Rs43 billion, highlighting the market’s vibrant undertone.

On Monday, the KSE-100 started the week on a positive note, gaining 944.82 points, or 0.61%, to close at 155,384.51.