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KSE-100 extends gains, climbs 252 points

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Staff Reporter

Karachi

Investors in the Pakistan Stock Exchange (PSX) kept alive the last week’s momentum and the KSE-100 index rose 252 points on Monday
Though the market gave the look of a roller coaster ride, the index traded in the positive zone throughout the session.
Index-heavy sectors attracted modest activity. Cement and steel sectors endured heavy selling pressure, however, buying interest in the oil and energy sectors offset the losses and lifted the index.
Earlier, trading began with a spike and strong investor sentiment helped the index climb over 600 points in early trading, however, some of the gains were wiped off by midday. The market maintained the uptrend for most of the session and closed above 44,500 points.
At close, the benchmark KSE-100 index recorded an increase of 251.66 points, or 0.57%, to settle at 44,686.46 points.

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