Stocks on Monday soared past the 84,000-points mark, driven by a rally in the energy sector and optimism over potential interest rate cuts.
The KSE-100 Index surged to an intraday high of 84,479.65, up 941.04 points, or 1.13%, by 01:08pm.
Analysts, including Samiullah Tariq, pointed to rising expectations of a rate cut as the primary driver, citing the recent drop in the consumer price index (CPI) inflation to single digits touching 6.9% in September.
Key sectors fueling the gains included automobile assemblers, cement, commercial banks, fertilizers, oil and gas exploration companies, and OMCs.
Heavyweights such as National Bank of Pakistan (NBP), Meezan Bank (MEBL), Fauji Fertilizer Bin Qasim (FFBL), Pakistan Petroleum (PPL), Oil and Gas Development Company (OGDC), Sui Northern Gas Pipelines (SNGP), and Pakistan State Oil (PSO) were all in the green.
On Friday, the benchmark index jumped by 810.19 points or 0.98% to 83,531.96 points, hitting an intraday high of 83,605.73 points and a low of 82,594.80 points.
