The Pakistan Stock Exchange (PSX) experienced continued strong buying activity on Monday, pushing the benchmark KSE-100 index above 103,000 for the first time.

The index surged by 1,837.52 points in early trading, reaching 103,194.84 by 11 am, a 1.81% increase.

This upward trend reflects positive market sentiment driven by several factors: relative stability in the exchange rate, the anticipated transition to a new, longer-term agreement with the International Monetary Fund (IMF), improved earnings in key sectors, and a general increase in investor confidence following recent monetary easing measures.

Strong buying was observed across major sectors, including automobiles, cement, banking, fertilizers, oil and gas exploration, and refineries. Several large-cap stocks contributed significantly to the gains.

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This latest surge builds on the previous week’s record-breaking performance, which saw the KSE-100 index surpass 100,000 for the first time, closing at a new all-time high of 101,357.32 points. This momentum is attributed to a combination of robust local investor interest and institutional support.