Karachi: The KSE-100 index surged to a record closing of 121,799 points, marking a significant milestone for Pakistan's stock market, according to a report by JS Global Capital Limited. The index maintained strong momentum throughout the trading day, with a market volume of 711 million shares.

Leading the activity were Sui Southern Gas Company (SSGC), Fauji Foods Limited (FFL), K-Electric Limited (KEL), International Cement Industries (ICIBL), and Faysal Bank Limited (FABL). These stocks saw the highest trading volumes, contributing to the market's robust performance.

The report suggests that this breakout above previous highs positions the index for continued upward momentum. It is anticipated to attract increased institutional flows, offering opportunities for investors. The firm advises taking advantage of intraday dips to accumulate fundamentally strong stocks, particularly in the fertilizer, cement, and banking sectors.

The KSE-30 index also saw gains, closing at 36,983 points, with a 1.09% increase. The overall market capitalization of the Pakistan Stock Exchange stood at Rs. 14,749 billion, reflecting a 1.06% day-over-day increase.

In the regional context, other Asian markets displayed mixed results. The South Korean KOSPI index experienced a notable 2.7% increase, while the Philippine Stock Exchange index saw a decline of 0.5%.

JS Global emphasizes that the information provided in its report is for informational purposes. Investors are encouraged to seek professional advice or rely on their own judgment before making investment decisions. Unauthorized reproduction or distribution of the report is prohibited.