Karachi: The record-breaking momentum in the Pakistan stock market continued due to a strong positive trend, as rising investor confidence pushed the market to new historic levels.
According to details, strong buying was witnessed at the opening of the first trading day of the week, with the stock market gaining more than 4,800 points at one stage and crossing the psychological mark of 183,000 points.
During intraday trading, the benchmark index touched a record high of 183,964 points. However, by the end of the trading session, the index closed at 182,408 points, registering a net gain of 3,373 points after some profit-taking.
Significant buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration, oil marketing companies, and power generation, which supported the overall market performance.
Shares of Hubco, Mari, OGDCL, POL, PPL, PSO, SNGPL, SSGC, HBL, MCB, Meezan Bank, and UBL also traded in positive territory, further strengthening market sentiment.
It is noteworthy that at the close of the previous trading week, the benchmark index had gained 2,679 points and ended at 179,034 points for the first time, setting the stage for the continued rally seen at the start of the current week.
