Karachi: The Pakistan Stock Exchange witnessed a significant surge in market activity, with the KSE100 index reaching an all-time high of 99,269.25 points, marking a 4.96% increase in a single day. This rally was accompanied by a rise in the KSE30 index, which closed at 31,032.39 points, representing a 5.39% gain. The market’s capitalization also saw a robust growth, increasing by 4.36% to reach Rs 12,577.64 billion.

According to JS Global, several companies emerged as major gainers during the trading session. Bank of Punjab (BOP) saw its share price rise by 14.60% to Rs 7.85, while K-Electric Limited (KEL) increased by 10.75% to Rs 5.15. Habib Bank Limited (HBL) also experienced a 10.00% gain, closing at Rs 169.96. Other notable performers included Askari Bank Limited (AKBL) and Fauji Fertilizer Bin Qasim Limited (FFBL), which saw their shares rise by 9.99% and 9.95%, respectively.

The market’s total trading volume reached 1,057.10 million shares, with a total value of Rs 39.56 billion. Among the volume leaders were BOP, KEL, and Hascol Petroleum Limited, which collectively accounted for a significant portion of the day’s trading activity. Despite the overall positive trend, some companies faced declines. Javedan Corporation Limited (JVDC) saw its share price fall by 6.21%, while Pakistan Synthetics Limited (PSEL) decreased by 5.73%.

Regional markets presented a mixed picture, with China’s SSEA index rising by 1.5% and India’s BSESN by 0.3%. In contrast, South Korea’s KOSPI and Taiwan’s TWII experienced declines of 0.7% and 1.5%, respectively. The current upward trend in the Pakistan stock market reflects investor optimism and suggests a growing confidence in the country’s economic prospects as the year progresses.