The Pakistan Stock Exchange (PSX) experienced a bullish trend on Monday, with the benchmark KSE-100 Index rising by nearly 600 points during early trading.

By 9:50am, the index stood at 122,739.07, marking an increase of 595.51 points or 0.49%.

Key sectors such as automobile assemblers, commercial banks, oil and gas exploration companies, oil marketing companies (OMCs), and power generation saw notable buying interest. Major stocks, including HUBCO, MARI, OGDC, PPL, POL, FFC, UBL, and MCB, traded positively.

Last week, the PSX faced volatility, as a historic market rally fueled by budget optimism and hopes for monetary easing was quickly overshadowed by rising geopolitical tensions in the Middle East. This led investors to take a more cautious approach and lock in profits.

The week commenced on a strong note, following the announcement of Rs17.3 trillion federal budget for FY26.

The government avoided implementing adverse fiscal measures for capital markets, and the Capital Gains Tax (CGT) provisions exceeded expectations, prompting mutual funds and institutional investors to increase their equity investments.

The KSE-100 Index concluded the previous week at 122,144 points, reflecting a modest week-on-week gain of 0.4%, or 502 points.