Index Surges on Strong Cyclical and Blue-Chip Support

ISLAMABAD: The local bourse kicked off the day on a strong footing, wrapping up a robust session with the benchmark index surging by 638 points (+0.54%) to close at 118,971. Intraday excitement peaked with a high of 1,306 points, reflecting bullish sentiment across the board.

Driving today’s upward momentum were heavyweights like LUCK, UBL, FFC, ENGROH, and MARI, collectively contributing 413 points to the index.

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Cyclical stocks also stole the spotlight, with INIL, ASTL, ISL, MLCF, LUCK, and DGKC catching strong investor interest and finishing the day in the green, outperforming their previous closes.

Market participation remained vibrant, as total traded volumes soared to 740 million shares, while the value traded stood at PKR 23.8 billion. WTL emerged as the volume leader, with a staggering 137 million shares changing hands.