Karachi, The Pakistan Stock Exchange (PSX) saw a remarkable performance as the KSE-100 index surged by 870 points, reaching a record high of 67,756. The cement sector played a pivotal role in this rally, with significant gains in local and export dispatches noted in March 2024.

According to JS Global, the trading session witnessed a notable uplift in market sentiment, driven by substantial price increases in key cement companies like CHCC, DGKC, FCCL, MLCF, and PIOC, all of which closed at their upper limits. The positive momentum extended across various sectors, with major gains in blue-chip stocks such as EFERT, ENGRO, OGDC, and PPL contributing to the index's strong performance.

Market turnover rose to 362 million shares, with significant trading volumes in companies like PIAA, FLYNG, WTL, POWER, and CNERGY. Despite some stocks like IBFL and POML experiencing declines, the market's overall capitalization increased, with the PSX Market Cap reaching approximately 9,452 billion rupees.

The report from JS Global Capital Limited highlights the KSE-100 index's robust year-to-date growth, with substantial gains reflecting investor confidence and market strength. This positive trend in the stock market underscores the dynamic and evolving nature of Pakistan’s financial landscape.