The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) soared by 3,908 points, or 3.39 percent, on Monday, closing at 115,259 points. This marks the third-highest single-day gain in the history of the index, following the record-breaking 4,695-point surge on November 27, 2024, and last Monday’s 4,411-point increase.
Notably, nine of the top ten highest single-day gains have been recorded in 2024, with four of the top five occurring since November 27, 2024.
Trading activity also saw a significant boost, with 1,023,501,044 shares traded during the day, compared to 815,920,043 shares on the previous trading session. The value of traded shares rose to Rs. 40.28 billion, up from Rs. 32.9 billion on the last trading day.
A total of 465 companies participated in the stock market, with 333 recording gains, 84 sustaining losses, and 48 remaining unchanged.
Economic Growth for Q1 FY2024-25
Earlier in the day, the National Accounts Committee (NAC) approved the economic growth figures for the first quarter (Q1) of FY2024-25, with the economy posting a modest growth of 0.92 percent. Sector-wise growth showed mixed results, with agriculture growing by 1.15 percent, services by 1.43 percent, and industry contracting by 1.03 percent.
