Stock Market Hits Record Highs with Bullish Surge!

ISLAMABAD: The stock market continued its bullish momentum, reaching record-high levels with a record-high trading value in nearly two months. The benchmark index surged to an intraday high of 1,447 points, before settling at 118,769, marking an increase of 795 points (0.67%).

This strong upward movement was largely driven by aggressive buying from local mutual funds, as investor confidence remained high on expectations of an imminent IMF review, which might be completed earlier than expected.Pakistan stock exchange

MARI stole the spotlight today, recording a staggering PKR 7.17 billion in traded value, as investors speculated on a potential announcement in its emergent board meeting scheduled for tomorrow.

The uptrend was primarily driven by MARI, SYS, FFC, PPL, and HUBC, which collectively contributed 850 points to the index. Conversely, ENGROH, UBL, and BAHL exerted downward pressure, trimming 142 points from the gains.

Market activity remained robust, with 666 million shares traded, amounting to a turnover of Rs 38.5 billion. CNERGY led the volume charts, with 163.9 million shares changing hands.