PSX Mid-Day: Bulls in the Driver’s Seat

The Pakistan Stock Exchange (PSX) continued its bullish run into the new year, with the benchmark KSE-100 Index rocketing past the 179,000 level to a fresh all-time high by mid-day today.

The index touched a record 179,016.88, making another historic milestone in ongoing market strength.

The total volume of the KSE-100 Index was 236.20 million shares.

The rally builds on yesterday’s historic performance when the KSE-100 Index crossed the 176,000 mark for the first time.

Support by improving economic indicators highlighted in the latest Outlook report, including rising industrial activity, easing inflation, continued growth across key sectors and a 6% increase in OMC sales for December has surged the market momentum.

Top gainers during mid-day were JVDC (+5.35%), EFERT (+5.01%), FABL (+4.47%), IBFL (+3.48%), and PPL (+3.20%).