The bulls ran riot at the Pakistan Stock Exchange on Monday as the share prices smashed through the 48,000 barrier, reported 24NewsHD TV channel.

As the trading was set into motion, the stocks rallies and within two hours the KSE-100 index gained over 900 points topped the 48,000 mark.

The KSE index, which has on a positive run since Pakistan had signed staff-level agreement with the International Monetary Fund (IMF), has also been boosted by positive triggers in the oil and gas sectors with PSO, OGDC, PPL, SNGP along with banking sector shares leading the rally.

At around 10:40am, the KSE-100 was hovering at the 48,000, an increase of over 900 points or 1.77%.

On Thursday, the KSE index had settled at 47,077 after an increase of 394.47 points or 0.85%. This was the first time the KSE-100 closed over the 47,000 level since November 2021.

Reporter Ashraf Khan