Samsung Electronics saw its stock price climb nearly six percent on Monday while the benchmark Korea Composite Stock Price Index(KOSPI) surged more than two percent to the two-thousand-460 range. 

The KOSPI rose 52-point-21 points, or two-point-16 percent, to close at two-thousand-469-point-07.

Samsung Electronics’ stock price jumped five-point-89 percent to close at 56-thousand-700 won, or a little over 40 U.S. dollars.  

This came after the electronics giant revealed after last Friday’s market close its plans to buy back its own stock, worth about ten trillion won, or some seven-point-two billion U.S. dollars, over the next 12 months, 
 
The tech-heavy KOSDAQ rose four-point-13 points, or zero-point-six percent, to close at 689-point-55.