Bulls stage 983-point rally on value-hunting

KARACHI: Amid a relative political calm and improved economic outlook, the stock market witnessed an across the board buying spree at attractive valuations, helping the benchmark KSE 100 index staged an impressive rally on Monday.

Ali Najib, Head of Sales at Insight Securities, said it was a clear sky day at PSX as the index floated easily during the trading hours and settled at 114,230, an increase of 983 points or up 0.87 per cent day-on-day.

At first, the benchmark index received...