The KSE 100-Index of the Pakistan Stock Exchange (PSX) turned around to a bullish trend on Thursday, gaining 1,781.94 points, a positive change of 1.87 per cent, closing at an all-time high at 97,328.40 points as compared to 95,546.46 points on the last trading day.

A total of 969,907,357 shares were traded during the day as compared to 1,138,411,946 shares the previous trading day, whereas the price of shares stood at Rs35.167 billion against Rs37.481 billion on the last trading day.

As many as 457 companies transacted their shares in the stock market, 249 of them recorded gains and 167 sustained losses, whereas the share price of 41 companies remained unchanged.

Ahsan Mehanti, Managing Director and CEO of Arif Habib Commodities, pointed out the key factors driving this record surge, stating, “Stocks were bullish across the board as investors reacted to the decline in government bond yields and positive economic data regarding the current account surplus, remittances, exports, and foreign direct investment.”

He added that increasing foreign exchange reserves and speculation regarding government actions on economic reforms and privatization played a crucial role in the PSX’s remarkable rise.

Additionally, the government successfully raised Rs350 billion through the auction of Pakistan Investment Bonds (PIBs), surpassing the target of Rs300 billion, with yields on five-year and 10-year bonds dropping to their lowest levels since March 2022.