After several sessions of profit-taking, the Pakistan Stock Exchange (PSX) rebounded sharply on Monday, with the benchmark KSE-100 Index gaining 945 points, or 0.61%, to close at 155,384.

According to Topline Securities, bullish momentum dominated trading, with the index hitting an intraday high of 155,602.

The surge followed the State Bank of Pakistan’s (SBP) decision to maintain the policy rate at 11% in its Monetary Policy Committee (MPC) meeting earlier in the day.

Market heavyweights provided significant support, with FFC, UBL, and HUBC contributing a combined 448 points.

Losses in HBL, BAHL, and ENGROH, however, shaved off 91 points from the overall advance.

Investor activity was robust, as 856 million shares changed hands, generating a total turnover of Rs32 billion.