Karachi: The Pakistan Stock Exchange witnessed a significant upswing on its KSE100 index, which soared to an unprecedented level of 124,352.68 points, marking a daily increase of 2,328.24 points or 1.91%. The KSE30 index similarly advanced, closing at 37,631.83 points, up by 729.24 points or 1.98%.

Leading the charge were Pakistan GasPort Limited (PKGP), Bank of New York Mellon (BNWM), and Pioneer Cement Limited (PIOC), which saw their share prices rise by 10.00%, 9.76%, and 8.05%, respectively. This surge was attributed to robust investor confidence and substantial trading volumes.

On the other hand, some stocks faced declines, with FrieslandCampina Engro Pakistan Limited (FCEPL), Atlas Honda Limited (ATLH), and Pak Oman Microfinance Bank Limited (POML) experiencing drops of 7.05%, 4.81%, and 4.14%, respectively.

Market capitalization hit a record high of Rs 14,994.46 billion, equivalent to approximately $53.13 billion, reflecting a daily increase of 1.53%. The total trading volume reached 1,041.13 million shares, valued at Rs 46.71 billion or $165.50 million.

Regional markets reported mixed results, with Korea's KOSPI index leading gains at 1.2%, while Indonesia's JKSE index registered a slight decline of 0.1%.

The positive trajectory of the KSE100 index since the start of the fiscal year has seen an impressive year-to-date increase of 58.52%, underscoring the strong performance of the Pakistani stock market.