Shares at PSX climb 900 points on strong corporate results from heavyweights

Bulls took control of the trade floor on Monday as shares at the Pakistan Stock Exchange (PSX) climbed more than 900 points in intraday trade after a week of volatility.

The benchmark KSE-100 index climbed by 941.79 points, or 0.82 per cent, to stand at 116,411.13 from the previous close of 115,469.34 at 10:05am.

Awais Ashraf, director research at AKD Securities, said, “Stronger-than-expected corporate results from heavyweight companies fuelled a surge in the index at the opening.”

“Meanwhile...