The Monte Carlo Simulation (MCS) method has been generally regarded in quantitative research. It has gained significant consideration due to its ease of implementation for complex problems in the finance field. It is a powerful method used in the pricing of complex financial derivatives. We use Matlab to forecast the price of options for the modeling of MCS. Option pricing in Pakistan has not yet been introduced, but there is a strong possibility that it will be introduced soon. Our main objective is to implement MCS to see how effective this approach is on the Pakistan Stock Exchange (PSX).