KARACHI: The Karachi Stock Exchange saw a significant boost today as the KSE100 index reached a record high of 169,864.53 points, marking a daily gain of 1,289.84 points or 0.77%. The rise was led by notable performances from companies such as Nishat Mills Limited (NML) and Kot Addu Power Company (KAPCO).

The KSE30 index also recorded gains, closing at 51,670.42 points, up 495.07 points, representing a 0.97% increase. The market's overall capitalization rose to Rs 19,321.79 billion, with a day-on-day change of 0.54%.

Nishat Mills Limited topped the gainers' list, with a price increase of Rs 9.54, equivalent to a 5.40% rise. Other companies such as KAPCO and Cherat Cement Company (CHCC) also saw significant price increases of 3.76% and 3.74%, respectively.

On the downside, Pakistan Global Container (PGLC) saw the largest decline in share price by 3.88%, while Service Industries Limited (SRVI) fell by 3.57%.

The total volume of shares traded stood at 873.03 million, with a value of Rs 40.87 billion. The year-to-date performance for the current calendar year showed an impressive 47.55% increase for the KSE100 index.

Regional market performance was mixed, with China's SSEA gaining 0.4% and India’s BSESN rising by 0.5%. Korea's KOSPI stood out with a 1.4% increase, reflecting a strong 73.7% gain for the year.

The positive trend in Karachi’s market reflects investor confidence, bolstered by an upward trajectory in the regional markets and favorable economic indicators.