KSE-100 Index Pakistan Stocks Cross 186,000 as Bullish Rally Continues

The benchmark index gained more than 1,100 points in early trading, while investors also tracked cautious sentiment across Asian markets ahead of the earnings season.

KSE-100 Index extended its rally on Monday as Pakistan’s stock market crossed the 186,000-point mark during early trading.

The benchmark index gained more than 1,100 points to reach 186,868 at the start of the session.

Investors maintained strong buying interest, which supported the market’s upward momentum.

The KSE-100 Index ended the previous trading week at 185,910 points.

Therefore, Monday’s advance continued the market’s recent positive trend.

Meanwhile, Asian markets traded cautiously ahead of a key earnings season for the artificial intelligence sector.

According to Reuters, investors also monitored oil prices after concerns over higher supply weighed on the energy market.

However, there were no fresh developments in the US-Iran peace talks.

At the same time, ships continued to pass through the Strait of Hormuz, with reports showing 160 vessels used the route between Monday and Saturday last week.

Elsewhere, South Korea’s benchmark index fell 0.8% after recording strong gains this year.

Japan’s Nikkei also declined 0.4%.

Meanwhile, MSCI’s broad Asia-Pacific index outside Japan slipped 0.2%, while Chinese blue-chip stocks remained largely unchanged.

In Europe, EURO STOXX 50 futures fell 0.1%.

However, DAX and FTSE futures traded flat.

US futures moved higher, with S&P 500 futures adding 0.2% and Nasdaq futures rising 0.7%.