Investors showed strong buying interest in cement, oil & gas, and power sector shares, leading to a bullish trend in the stock market.
During trading, the Pakistan Stock Exchange (PSX) surged by over 1,000 points, with the benchmark KSE-100 Index crossing the 113,000 mark once again. The index recorded an increase of 1,020 points, reaching 113,274 points.
A significant factor driving market optimism was the global crude oil price dropping to its lowest level in 3.5 years, which is seen as positive news for Pakistan's economy.
Additionally, reports of the IMF's willingness to accept a reduction in Pakistan’s tax collection target further boosted investor confidence.
Market participants are now closely watching the monetary policy decision set to be announced on March 10, which could influence future market trends.
