PSX reaches record high driven by positive market sentiment

The KSE-100 index surged by 1,781.94 points, or 1.86%, closing at a record 97,328.39 points, up from 95,546.45 points in the previous session.

A total of 969.9 million shares were traded on the day, a decline from the 1.13 billion shares traded the previous day.

The overall share value stood at Rs35.16 billion, compared to Rs37.48 billion on the last trading day.

Analysts at Topline Securities noted that the Pakistan Stock Exchange displayed strong bullish momentum, with the KSE-100 hitting an intraday high of 97,437 points.

“Investor confidence surged following a meeting between the Army Chief and the business community. Aggressive buying in the fertilizer sector, particularly in FFC and FFBL, further fueled the positive market trend,” the analysts added.

Out of 457 active scrips, 249 showed gains, 167 experienced losses, and 41 remained unchanged.

Pakistan Services Limited emerged as the top gainer, rising by Rs80.17 to close at Rs882.84, closely followed by Haleon Pakistan Limited, which saw a gain of Rs80.13, settling at Rs882.45.

On the other hand, Rafhan Maize Products Company Limited saw a decline of Rs137.27, ending at Rs7,956.29, while Nestle Pakistan Limited lost Rs74.86, closing at Rs6,616.31.

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