The Pakistan Stock Exchange (PSX) continued its positive trajectory on Monday, with the market gaining over 800 points during intraday trading.
The benchmark KSE-100 index rose by 847.96 points, or 0.72%, reaching 118,163.54, up from the previous close of 117,315.58 at before noon.
On Friday, the index had mostly remained in the green, supported by favorable macroeconomic indicators and strong corporate earnings.
Analysts attribute the upward trend to a historic monthly current account surplus and favorable movements in the Real Effective Exchange Rate.
Pakistan achieved its highest-ever monthly current account surplus in March, recording $1.195 billion compared to $363 million during the same month last year, according to data from the State Bank of Pakistan (SBP).
This surplus was a significant contributor to the $1.859 billion total surplus for the July-March period of the current fiscal year.
Additionally, March saw a record inflow of remittances, reaching $4.1 billion, prompting the SBP to revise its annual remittance target from $35 billion to $38 billion for FY25.
Despite the SBP governor’s statement about the removal of import restrictions, imports of goods during the nine-month period modestly increased to $43.39 billion from $39.06 billion a year earlier, reflecting a rise of just $4.33 billion. Meanwhile, exports saw a growth of $1.77 billion, reaching $24.66 billion in the same period.
