Positive momentum continued at the Pakistan Stock Exchange (PSX) on Monday, with the benchmark KSE-100 Index gaining over 500 points during the opening hours of trading.

By 10:10am, the index was up by 504.30 points, or 0.36%, reaching 139,101.66.

The rally follows a historic close last week, when the KSE-100 Index surged by 4,297 points a 3.2% gain to a record high of 138,597 points, the highest weekly close in the exchange’s history.

The surge was driven by investor confidence, encouraging macroeconomic indicators, and expectations of strong corporate earnings.

Despite ongoing foreign institutional selling and the typically slower summer trading period, analysts say sentiment on the trading floor remains upbeat.

On the global front, Asian markets remained stable on Monday.

The Japanese yen held steady despite unfavorable election results for the ruling party, while Wall Street futures awaited earnings reports from major U.S. tech companies.