KARACHI; The Pakistan Stock Exchange (PSX) surged to a record high on Monday, as the benchmark KSE-100 index closed at an unprecedented 156,087 points after hitting an intraday peak of 156,199.
The index advanced by 1,810 points, or 1.17%, in a broad-based rally driven by strong investor confidence. A report by Topline Securities noted that robust corporate earnings and ample liquidity from domestic institutions underpinned the bullish sentiment, propelling the market into new territory.
Blue-chip stocks played a leading role, with ENGROH, HUBC, LUCK, MARI, and SNGP together contributing 1,144 points to the day’s gains. ENGROH was the top contributor, adding 405 points on its own.
Trading activity also remained vibrant. Total market volume climbed to 1.12 billion shares, with transactions valued at Rs62.2 billion. K-Electric (KEL) led the activity chart, with 93.7 million shares changing hands.
