Stocks extend overnight bullish momentum

The stock market maintained its record-setting momentum, with the KSE 100 index surpassing 94,000 intraday trading for the first time on Monday. However, profit-taking in the latter part of the session reduced some of the early gains as discussions began with a visiting team from the International Monetary Fund regarding economic performance, mainly focusing on tax collection. Despite this pullback, the index still closed at a record high. The benchmark KSE-100 index surged to an intraday record high of 94,020.03, a gain of 758.35 points. However, it settled at 93,648.33.68 after gaining 356.64 points or 0.38pc day-on-day.