Karachi, The Pakistan Stock Exchange (PSX) reached an all-time high, with the KSE100 index closing at 68,416.78 points, driven by significant gains in the pharmaceutical sector following a favorable court ruling on drug price deregulation.

According to JS Global, the market experienced a notable day-on-day increase of 660.74 points (0.98%), with year-to-date growth standing at 9.55%. The surge was led by pharmaceutical companies like ABOT, AGP, HALEON, and SEARL, which closed at their upper limits. The energy sector, including GAL and NRL, also saw substantial gains. However, cement and steel sectors faced profit-taking, reflecting the market's dynamic nature.

The volume of traded shares increased to 388 million, with the total market capitalization reaching approximately 9,544.63 billion PKR (34.40 billion USD), indicating heightened investor activity and confidence in the market. This rally was part of broader regional market trends, with varying performances across Asian markets.

Further details on treasury bill auctions showed competitive bidding, with shifts in cut-off yields reflecting market sentiment and monetary outlook. In addition to stock market activities, Engro Energy Limited's definitive agreement with Liberty for the sale of its power assets, valued at approximately 35 billion PKR, marked a significant corporate event.

The report emphasizes the diversification of growth contributors within the PSX, highlighting sectors and companies that have notably impacted the index's ascent.