The KSE-100 Index surges 0.97%, reaching 64,538.73, as investors capitalize on attractive returns from energy and related companies.
Steady Growth Amidst Record Highs
In early trading on Thursday, the KSE-100 Index rose by 0.97%, marking a gain of 621 points and reaching 64,538.73. This upward trend follows a robust year, with a substantial 58.12% increase in the index during the current calendar year.
Continued Momentum
Investors are showing no signs of slowing down, with experts anticipating the index to surpass 65,000 points. The market’s resilience is attributed to factors beyond foreign investment pledges and improved macroeconomic indicators.
Powerful Performances by Key Sectors
Power and gas companies, banks, and financial institutions are driving the market’s strong performance. These sectors benefit from high-interest rates and a weakened rupee. Additionally, tariff hikes, both past and planned, play a role in addressing circular debt issues, albeit impacting consumers.
Shift in Investor Focus
Investors are redirecting their attention to previously undervalued major entities. This shift is a result of declining property prices in both residential and commercial sectors, making real estate and construction less profitable compared to energy stocks.
As the KSE-100 Index surges, investors continue to capitalize on the momentum, driving the market to new heights.
Source：dunyanews.tv
