From the previous finish of 84,910.29 points, the benchmark KSE-100 index increased by 799.33 points, or 0.94 percent, to stand at 85,709.62 points. In the end, the index closed at 85,663.97 points, up 0.89 percent, or 753.68 points, from the close of 84,910.29.
Topline Securities CEO Mohammed Sohail claimed that “continous buying from local and foreign funds” was driving the market’s ascent to all-time highs.
“Despite this, Pakistan market is trading at PE [price-to-earning] of 4 times which is still attractive amid economic stability and falling inflation,” he added.
Investors were “optimistic about the positive outcomes expected from the upcoming visit of a high-level Saudi delegation, with hopes that Saudi Arabia will invest in the energy, mining, and other sectors,” according to Awais Ashraf, director of research at AKD Securities.
