The Pakistan Stock Exchange’s benchmark KSE-100 index increased by 394 points on Monday. This positive movement is believed to be due to the improved outlook on the economy. The government’s decision to reduce fuel prices by Rs8 per litre for petrol and Rs11 per litre for high-speed diesel also contributed to the optimism in the market. Additionally, the Pakistani rupee has seen a steady increase in value against the dollar over the past few weeks. The index closed at 46,627.08 points, with major activity observed in stocks like WorldCall Telecom Limited, Cnergyico PK Limited, Oil and Gas Development Company Limited, Pakistan Petroleum Limited, First Prudential Modaraba, and BankIslami Pakistan Limited. The top gainers included First Punjab Modaraba, Pak-Gulf Leasing Company Limited, Hala Enterprises Limited, and First Prudential Modaraba, while the top losers were PICIC Insurance Limited, SME Leasing Limited, Ashfaq Textile Mills Limited, and Habib Insurance Company Limited. Analysts have commented on the positive market momentum, attributing it to lower fuel costs and a stronger Pakistani rupee. They also emphasized that investor sentiment will be influenced by the IMF review and energy sector developments. Furthermore, data related to crop output, cotton production, power generation, fertiliser, autos, petroleum and cement sales, as well as the government’s plans for privatisation of state-owned enterprises, have played a role in driving bullish activity.

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