Karachi: The KSE100 index achieved unprecedented milestones, closing at a record high of 94,191.89 points, with a notable day-on-day increase of 836.46 points, equivalent to a 0.90% rise.
According to JS Global, several key stocks emerged as major gainers, significantly contributing to the index's robust performance. TRG Pakistan Limited led the pack, with its stock price rising by 10.00% to 58.62, while EFU General Insurance Limited also saw a 10.00% increase, reaching a price of 102.40. Attock Refinery Limited reported a 7.41% upsurge, closing at 495.06. The year-to-date change for the KSE100 index stands at 50.83%, reflecting a strong upward trend.
In terms of trading volume, the total shares traded amounted to 1,084.34 million, with a total value of Rs. 32.68 billion (US$ 117.85 million). The Pakistan Stock Exchange's market capitalization reached Rs. 12,152.04 billion, marking a 0.83% increase from the previous day, with a year-to-date rise of 34.09%.
On the regional front, other Asian markets showed mixed performances. While Korea's KOSPI index recorded a slight increase of 0.1%, markets in China, Indonesia, and the Philippines experienced declines of 1.7%, 1.3%, and 2.3% respectively.
The market's remarkable performance highlights investor confidence and bullish sentiment in the Pakistan Stock Exchange, driven by strong performances across key sectors.