The Pakistan Stock Exchange (PSX) opened the week on a high note, with the market jumping over 700 points during intra-day trading on Monday, fueled by increased political certainty.
In recent days, discussions surrounding a constitutional amendment had dominated the political landscape. However, after a late-night session, the ruling party successfully passed the contentious legislation, easing concerns among investors.
By midday, the benchmark KSE-100 index had risen by 700.25 points, or 0.82%, climbing to 85,950.34 points, up from the previous close of 85,250.09 points.
Sana Tawfik, an economist at Arif Habib Limited, noted that today’s rally was largely driven by renewed political clarity, suggesting that a stable governance environment has positively influenced investor sentiment.
