The PSX index rose 746.36 points, or 0.42%, to 179,665.33 by 10:45 am on Monday after reported progress in Iran-US peace talks lifted sentiment.
Buying appeared in automobile assemblers, cement, chemicals, commercial banks, oil and gas exploration, oil marketing companies and refineries.
Index-heavy stocks also traded higher. DGKC, MCB, MEBL, NBP, MARI, OGDC, PPL, POL and HUBCO were in the green.
The first round of high-level US-Iran talks in Switzerland ended Monday, mediators said. Qatar and Pakistan said both sides agreed to a roadmap for a final deal within 60 days.
Technical talks will continue through the week at the Qatari-owned Swiss resort of Buergenstock, according to a statement released by Qatar’s foreign ministry.
The PSX had already gained strongly during the previous week. The KSE-100 Index rose 6,522.84 points, or 3.8%, week-on-week to close at 178,922.75.
Read: Pakistan Fuel Prices Still Include 29% Tax After Rate Cut
The previous weekly close was 172,399.91 points, a week earlier. The rally to ease Middle East tensions and investor-friendly FY27 budget measures.
Asian markets also moved higher on Monday. Japan’s Nikkei rose 1.9%, while South Korea’s market added 2.6%.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.0%. Chinese blue chips were flat.
Brent crude futures gave up early gains and slipped 0.4% to USD 80.17 a barrel, well below the May peak of USD 126.41.
