Karachi: The Pakistan Stock Exchange (PSX) witnessed a notable upswing on Tuesday as the KSE100 index surged to an all-time high of 186,518.72 points. This represented a gain of 1,456.61 points, or 0.79%, from the previous day, while the KSE30 index rose by 397.04 points, or 0.70%, reaching 57,477.09 points.

Market capitalization also reflected this positive trend, climbing by 0.80% to reach Rs 20,905.55 billion, equivalent to approximately US$ 74.64 billion. The year-to-date growth for the KSE100 index stands at 7.16%, with the fiscal year-to-date growth at 48.47%.

Among the top gainers, Youw secured a price increase of 8.25%, reaching Rs 6.17, while Fauji Cement Company Limited (FCEPL) rose by 8.24% to Rs 93.79. Adamjee Insurance Co Ltd (AICL) also saw an uptick of 7.97%, hitting Rs 97.28.

In contrast, Pakistan Electron Limited (PSEL) experienced a decline, falling by 5.51% to Rs 1,074.05. Other notable losers included Faysal Bank Limited (FABL), down by 2.17% at Rs 101.79, and Habib Metropolitan Bank (HMB), which dropped 1.64% to Rs 119.80.

The trading session recorded a total volume of 1,329.49 million shares, with a total value of Rs 86.59 billion, or US$ 309.15 million. The volume leaders included K-Electric Limited (KEL) with 77.89 million shares traded and Hascol Petroleum Limited (HASCOL) with 58.65 million shares exchanged.

The regional markets displayed mixed performances, with China's SSEA and Indonesia's JKSE both seeing a slight increase of 0.1%, while India's BSESN fell by 0.1%.

The PSX's performance on Tuesday underscores investor confidence and an optimistic outlook for the market, driven by strong performances in specific sectors and stocks.