Pakistan stock market surges on political stability and strong corporate earnings

The Pakistan stock market had a positive start to the week, driven by political stability and anticipated inflows from global lenders. The PSX portal reported that the benchmark KSE-100 index surged by 728 points, or 1.03%, reaching 71,638 at 10:00 am, up from the previous day's close of 70,882 on Monday.

Despite facing initial volatility last week due to concerns surrounding Israel's attack on Iran, the market quickly rebounded. Notably, sectors such as automobile assemblers, chemicals, oil and gas exploration companies, and oil marketing companies witnessed increased buying activity.

The ongoing bullish trend can be attributed to the robust corporate earnings reported by local listed companies in the current quarter. This positive momentum reflects investor confidence and optimism in the market's performance.

In conclusion, the Pakistan stock market continues to demonstrate resilience and growth potential, supported by favorable political developments and strong corporate performance. Investors remain optimistic about the market's outlook, driving the benchmark index to new heights.