The Pakistan Stock Exchange (PSX) continued its upward trend on Monday, buoyed by the election of a new prime minister and positive economic indicators. Investor confidence was boosted by a significant decrease in the trade deficit and a decline in CPI-based inflation. Additionally, factors such as foreign fund inflows, stable rupee, and decreasing Karachi Interbank Offered Rate (Kibor) contributed to the market’s positive momentum. Despite a brief dip in the afternoon, sentiment remained positive, driven by news of Shehbaz Sharif’s re-election as Prime Minister. The market closed near the 66,000 mark with significant gains, particularly in the exploration and production sector. The KSE-100 index concluded the day with a surge of 626.04 points, settling at 65,951.73. Topline Securities highlighted the sustained upward momentum and noted Shehbaz Sharif’s re-election as a significant political development.