Record rally continues as KSE-100 jumps nearly 1,400 points in early trade

Buying rally continued unabated at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,400 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 183,784.42, an increase of 1,376.19 points or 0.75%. Buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including ARL, HUBCO, MARI, POL, PSO, SNGPL, SSGC, HBL, MCB, MEBL, NBP and UBL, traded in the green. On Monday, the PSX kicked off the New Year on a powerful note as aggressive buying by local institutional investors, particularly mutual funds, triggered a broad-based rally that pushed to fresh historic highs.