The Pakistan Stock Exchange (PSX) kicked off the week on a strong note, as the benchmark KSE-100 Index surged by 116,100 points, or 0.86%, reaching 115,837.42 by midday on Monday.

The rally was fueled by broad-based buying interest across major sectors, including automobiles, cement, banking, oil and gas exploration, oil marketing companies (OMCs), and power generation. Key contributors to the index’s gains included heavyweight stocks such as HUBCO, SNGPL, OGDC, PPL, POL, HBL, MCB, and UBL.

This rally follows a volatile previous week, during which the KSE-100 Index declined by 3,938 points, or 3.3%, closing at 114,853 points.

The earlier downturn was attributed to global uncertainties stemming from tariff announcements by U.S. President Donald Trump.

Market analysts suggest that the current positive sentiment is bolstered by global market recoveries, particularly in the technology sector, after the U.S. administration exempted smartphones and computers from new tariffs.

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This development has alleviated some investor concerns, contributing to the bullish trend observed at the PSX.

The ongoing rally underscores renewed investor confidence, with expectations of continued positive momentum in the near term.