Karachi, Karachi Stock Exchange's benchmark KSE 100 Index surged to a record level today, driven primarily by strong performances in the technology and cement sectors, As per a daily report from JS Global Capital Limited.

According to JS Global, the KSE 100 Index gained 692 points, closing at an all-time high of 72,052. The technology sector led the charge with notable gains, including OCTOPUS hitting its upper price limit early in the trading session. Similarly, AVN also closed at its limit up. The cement and steel sectors continued their upward trend as investors anticipate a rate cut at next Monday’s Monetary Policy Committee meeting. However, the refinery sector lagged behind, with PRL announcing a loss for the third quarter. The market's total turnover decreased to 599 million shares.

The report further highlighted individual stock performances and sector trends. The leading volume stocks included PIBTL, KEL, AIRLINK, WTL, and TELE. Despite the overall market gains, JS Global Capital warned of the possibility of profit-taking in the near future which could impact the market dynamics.