According to the PSX website, the KSE-100 index rose to 114,096.87 points, marking an increase of 849.58 points, or 0.75%.

The strong buying activity across key sectors supported the upward trend, including automobile assembly, cement, chemicals, commercial banks, fertilizers, and oil and gas exploration companies. Notable index-heavy stocks such as SSGC, SHEL, PSO, OGDC, PPL, POL, ENGRO, HBL, MEBL, and NBP were all trading in the green.

Analysts from Intermarket Securities highlighted that the market was anticipating the upcoming Monetary Policy Committee meeting, with expectations of a 100 basis point cut to a policy rate of 12%.

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“Results season should start soon as well, where bank payouts may lift investor mood; however, results from cyclical sectors may not impress much,” the firm said in a statement.