Karachi: The KSE100 index reached a new peak, closing at 104,559.07 points, marking a significant daily gain of 1,284.12 points, or 1.24 percent. The surge was mirrored by the KSE30 index, which also hit a record high of 32,365.89 points, gaining 396.53 points, or 1.24 percent on the day.

According to JS Global, the notable rise was fueled by robust performances from key stocks, including Cnergy, which led the gainers with a 17.48 percent increase, closing at 6.72. Other significant gainers included Pak Elektron Limited (PAEL) and Pakistan Oilfields Limited (POML), each rising by 10 percent to settle at 30.48 and 115.89, respectively. Airlink Communication also posted an impressive gain of 8.95 percent, closing at 155.22.

The Pakistan Stock Exchange's total market capitalization rose to Rs 13,252.11 billion, reflecting a 1.11 percent increase from the previous day. The year-to-date performance for the calendar year 2024 showed a substantial gain of 46.22 percent, with a fiscal year 2025 increase of 33.29 percent.

The market's trading volume reached 1,766.47 million shares, with a total value of Rs 56.62 billion, or approximately US$ 204.02 million. Cnergy was the volume leader with 246.71 million shares traded, valued at Rs 1,618.62 million.

The broader regional markets also showed positive trends, with indices in China, India, and Korea registering gains. China's SSEA index rose by 0.4 percent, India's BSESN by 0.7 percent, and Korea's KOSPI by 1.9 percent.

In contrast, some stocks faced losses, including EFU General Insurance, which fell by 5.28 percent to 130.00, and Javedan Corporation, which saw a 4.77 percent decrease to 53.91. Despite these declines, the overall market sentiment remained positive, driven by strong performances in key sectors.