Karachi: The Karachi Stock Exchange's KSE100 index reached an all-time high, closing at 125,627.31, marking a significant daily increase of 1,248.24 points or 1.00%. The KSE30 index also saw a rise, ending the day at 38,153.79 with a gain of 238.06 points or 0.63%.

According to JS Global, the market's impressive performance has been attributed to strong investor interest and robust trading volumes. The market capitalization of the Pakistan Stock Exchange (PSX) increased by 1.17%, reaching Rs 15,239.54 billion, which equates to approximately US$ 53.71 billion. This achievement underscores the market's resilience and growth potential, with year-to-date increases of 5.13% in market capitalization.

Several stocks emerged as notable gainers on the KSE100 index, with YOUW leading the pack with a price increase of 21.32%. Other significant gainers included KOSM, FABL, BNWM, and PKGP, each showing strong performances with price increases of 18.18%, 10.00%, 10.00%, and 10.00% respectively.

Conversely, some stocks experienced declines, with PGLC suffering the most significant drop, down 5.88%. TRG, EFERT, EFUG, and KOHC also saw declines, with decreases of 2.54%, 1.58%, 1.50%, and 1.48%, respectively.

The PSX saw a ready turnover of 1,144.55 million shares, with a total trading value of Rs 35.24 billion, equivalent to US$ 124.18 million. This high level of activity highlights the market's vibrancy and the investors' confidence in the current economic climate.

Regionally, other Asian markets showed mixed performances. China's SSEA increased by 0.6%, Korea's KOSPI rose by 0.5%, and Indonesia's JKSE gained 0.4%. In contrast, India's BSESN fell by 0.5%, the Philippines' PSI dropped by 0.7%, and Taiwan's TWII experienced a decline of 1.4%.