KARACHI: The Karachi Stock Exchange (KSE) indices hit record highs today, with the KSE100 index reaching 105,104.34 and the KSE30 index climbing to 32,554.14. The upward movement was marked by significant gains in several leading stocks.

According to JS Global, the KSE100 index saw a daily points increase of 545.27, translating to a 0.52% rise, while the KSE30 index recorded a 188.25-point increase, a 0.58% gain. The market capitalization of the Pakistan Stock Exchange (PSX) also saw growth, rising 0.79% to Rs 13,356.66 billion, equivalent to US$ 48.14 billion.

Among the top gainers, Pakistan Telecommunication Company Limited (PTC) increased by 10.01%, Northern Power Generation Company Limited (NPL) rose by 9.97%, and Power Cement Limited (PABC) gained 9.64%. The total volume of shares traded amounted to 1,749.32 million, with a value of Rs 50.42 billion or US$ 181.72 million.

Conversely, some stocks experienced losses. Ibrahim Fibres Limited (IBFL) fell 4.10%, Service Industries Limited (SRVI) dropped 3.47%, and EFU General Insurance Limited (EFUG) declined 3.06%. Despite these losses, the overall market performance remained buoyant.

The regional markets presented mixed results, with Indonesia's JKSE advancing 1.8% and Taiwan's TWII rising 1.0%, while Korea's KOSPI declined by 1.4%. The Karachi Stock Exchange's robust performance reflects a positive trend in investor confidence as the market continues to break new ground.