As the nation reported a $119 million current account surplus in September and a 48.2 percent increase in foreign direct investment to $771 million in the first quarter of FY25, stocks ended the earnings season at an all-time high, according to Ahsan Mehanti of Arif Habib Corporation.
He said that the bull run was fueled by rising crude oil prices worldwide, government interest payment waivers for terminated IPPs, and a reduction in political noise.
According to Topline Securities Ltd., institutional buying and higher-than-expected company earnings provided strong bullish momentum for the index.
The technology company System Ltd. saw a 7.41 percent increase in value following the release of its 3Q2024 results, which showed an EPS of Rs7.51 that above forecasts.
With 224 million shares traded, a noteworthy 13.16 percent increase, K-Electric dominated the market in trading volume.
