KARACHI: The Pakistan Stock Exchange (PSX) saw strong bullish momentum on Monday, with the benchmark KSE-100 Index gaining over 1,000 points.

The index reached an intra-day high of 111,622.72 points before closing at 111,377.96, marking a gain of 1,055.03 points, or 0.96%. Key sectors such as power generation, oil and gas exploration, fertiliser, commercial banks, and automobile assemblers saw significant buying activity. Stocks like HUBCO, SHEL, SNGPL, MARI, OGDC, HBL, and UBL led the market's gains.

Despite the positive session, analysts cautioned that low liquidity could continue to challenge the market in the near term. Intermarket Securities noted that the next International Monetary Fund (IMF) review would be crucial for reviving investor sentiment. The PSX had faced heavy losses last week, with the KSE-100 index dropping 3,932.79 points, closing at 110,332.94. In global markets, Asian shares were mixed, with concerns over rising tariffs. US President Donald Trump announced a 25% tariff on steel and aluminium imports, potentially inflating prices. The Pakistani rupee also depreciated slightly, down 0.06% against the US dollar, closing at 279.22.

Market activity saw an increase in volume, with 415.16 million shares traded, up from 299.68 million in the previous session. The total value of shares rose to Rs23.95 billion.