By BR Web Desk
Buying momentum continued unabated at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index crossing the 136,000 level, a new record high, during trading on Monday.
Positivity persisted throughout the trading session, pushing the benchmark index to an intraday high of 136,140.87.
At 2:05pm, the KSE-100 Index was hovering at 136,011.10, a gain of 1,711.34 points or 1.27%.
Buying was observed in key sectors including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs and refinery. Index-heavy stocks including MARI, OGDC, PPL, POL, PSO, SNGPL, SSGC, MEBL, NBP and UBL traded in the green.
Prime Minister Shehbaz Sharif rejoiced over PSX鈥檚 performance, saying that the development echoes the business community鈥檚 confidence in the Pakistani economy.
As per a statement released by the Prime Minister鈥檚 Office (PMO), the prime minister added that positive economic indicators are a sign of the right direction of government policies.
Meanwhile, analysts also