Pakistan Stock Exchange (PSX) on Monday bounced back after a deep plunge and gained more than 1,500 points as investors showed renewed interest in buying amid hopes for IMF climate financing deal, reported 24NewsHD TV channel.
At the end of the day, the benchmark KSE-100 Index gained 1,529.17 points or 1.34% to rise to 114,330.10 points.
Market analysts believed that investors remained cautious ahead of the IMF review, with institutional investors opting for profit-taking amid a lack of fresh catalysts.
Earlier on Friday, the Pakistan Stock Exchange (PSX) witnessed a bearish trend after losing 938.23 points, a negative change of 0.82 percent, closing at 112,800.93 points.
A total of 455.39 million shares were traded during the day as compared to 787.43 million shares the previous trading day, whereas the price of shares stood at Rs21.524 billion against Rs33.097 billion on the last trading day.
The three top trading companies on Friday were Pak International Bulk with 35.412 million shares at Rs8.71 per share, K-Electric Limited with 24.73 million shares at Rs4.67 per share and Ghani Global Glass with 19.83 million shares at Rs9.15 per share.
Nestle Pakistan Limited witnessed a maximum increase of Rs48.71 per share closing at Rs7,345.84 whereas runner-up was Supernet Technologies Limited with Rs43.75 rise in its share price to close at Rs839.36.
Reporter Rana Ayaz