The Pakistan Stock Exchange (PSX) closed to a maximum record, with the KSE-100 index that ended the day at 120,450.87, marking its first closure above 120,000 points.
The market won 1,573.07 points or 1.32%, reaching a maximum of 120,693.83 per day and a minimum of 119,129.51.
The negotiation volume was at 315,235,806 shares, with a total value of 20,897,236,653. The previous closure was 118,877.80.
The record horny feeling is ahead of Pakistan’s budget this month.
Earlier on Monday, the KSE-100 index experienced significant volatility, with a maximum of 1,018 points within the day and a minimum of 899 points, finally closing at 118,878, less in 813 points (0.68%).
The decrease was mainly attributed to concerns about the tax increases proposed on banking and savings schemes, additional oil levies and growing inflation.
The consumer price index (CPI) increased by 3.5% year -on -year in May due to the highest food prices, cushioning the feeling of the market.
Analysts, including Ahsan Mehanti de Arif Habib Corp, pointed out that the bearish market was driven by uncertainty before the FY26 budget, geopolitical tensions and fluctuations in the rupee.
Topline Securities stressed that the sales pressure came from concerns about a possible fiscal increase of 2-3% on passive income. While some actions such as Pakgen Power, National Foods, Meezan Bank and National Bank of Pakistan supported the index, actions such as Systems Limited, Engro Holdings and Pakistan Petroleum weighed it.
The negotiation volume decreased to 497.9 million shares of 580.3 million the day before. The market saw a mixed yield, with 29 increasing shares, 71 falls and 464 negotiated companies in general. Dewan Cement was the volume leader, while foreign investors sold shares worth RS1.97 billion.
Analysts are cautious, which suggests that the market can face continuous short -term pressure, but could present a purchase opportunity in certain sectors such as cement, car and fertilizers.
