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The Pakistan Stock Exchange (PSX) witnessed an unprecedented surge on Monday (April 8), with the benchmark KSE-100 index reaching an all-time high of 69,620 points amidst a persistent bullish rally.

This remarkable leap of 1,203 points from the previous closing figure underscores the strong investor sentiment prevailing in the market.

Equities entered the shortened trading week before Eid holidays with remarkable vigour. The bullish momentum remained undeterred as bulls resumed their upward trajectory, comfortably surpassing the 66,000 level at the PSX, said the analysts.

Investors displayed a clear preference for strengthening their equity positions, engaging in value-hunting activities across the board, with a particular focus on blue-chip stocks.

Key sectors such as Fertiliser, Power, Banks and Technology made significant contributions to the Index’s surge. Companies including FFC, HUBC, MCB, SYS, and MEBL collectively added 486 points to the index’s gains. However, profit-taking activities in certain stocks, such as DAWH, EFERT, and ENGRO, led to a minor dip of 85 points.

Trading activity remained robust, with over 335.6 million shares changing hands at the bourse, amounting to a total value of Rs15.3 billion. PTC emerged as the volume leader, with a trading volume exceeding 33.7 million shares.

Market experts anticipate continued positive momentum, driven by favourable economic indicators and investor confidence. However, they stress the importance of cautious optimism and prudent investment strategies in navigating the dynamic market environment.