KARACHI: Pakistan Stock Exchange (PSX) witnessed bullish trend as its benchmark KSE-100 Index gained nearly 800 points. Bulls maintained their grip in market since start of session.

At close, benchmark index settled at 78,827.74, up by 798.23 points or 1.02 percent. Volume on all-share index increased to 371.09 million from 278.33 million session ago. Value of shares jumped to Rs 19.16 billion from Rs 11.62 billion in previous session. Waves Home App was volume leader with 27.93 million shares, followed by Al-Shaheer Corp with 15.55 million shares and Dewan Motors with 14.27 million shares. Shares of 437 companies were traded on Monday, of which 252 registered an increase, 129 recorded fall while 56 remained unchanged. Monetary Policy Committee of State Bank of Pakistan reduced key policy rate by 100 basis points, taking it to 19.5 percent. "We have noted that inflation is on declining trend," State Bank of Paksitan (SBP) Governor Jameel Ahmad said as he addressed press conference. Sectors contributing in positive run included banks, E&Ps, fertiliser, cement, pharma, auto and technology.

Globally, Asian shares bounced  into week packed with earnings and trio of central bank meetings that could see United States and UK open door to easing, while Japan might lift borrowing costs in step toward "Normality".