Shafaqna Pakistan: Pakistan’s stock market began the new trading week on a bullish note, with the benchmark KSE-100 Index surpassing the 186,000-point mark after gaining more than 1,100 points in early trading on Monday.
The index rose to 186,868 at the opening of the session, extending the strong upward momentum seen in recent trading days as investors continued to show robust buying interest.
The rally built on last week’s positive performance, with the KSE-100 Index having closed the previous session at 185,910 points, signalling sustained confidence in the market.
Meanwhile, Asian share markets sputtered on Monday as caution took hold ahead of a crucial earnings season for the AI sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures, Reuters reported.
While there were no new developments in the fractious U.S.-Iran peace talks, ships are passing through the Strait of Hormuz with 160 vessels reported from Monday to Saturday last week.
South Korea’s red-hot market cooled a little last week but is still up 90% for the year so far as AI demand and tight supplies boost chip prices. The index eased 0.8% on Monday, while Japan’s Nikkei fell 0.4%.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2%, while Chinese blue chips were little changed.
In Europe, EUROSTOXX 50 futures fell 0.1%, while DAX futures and FTSE futures were flat. S&P 500 futures firmed 0.2%, while Nasdaq futures added 0.7% on top of a 2.1% gain last week.
Source: Dunya News
