The Pakistan Stock Exchange (PSX) achieved a significant milestone on Monday as the KSE-100 Index surged to a historic high of 84,910.30 points. The market saw a gain of 1,378.34 points, or a positive change of 1.65 percent, from the previous close of 83,531.96 points, driven by prevailing positive sentiments in the market.

According to the Brokerage house Topline Securities, this surge was driven by falling bond yields and an expected sharp drop in inflation, igniting a wave of optimism in the market.

The trading volume also saw a substantial increase, with 449,507,635 shares exchanged, compared to 381,529,555 shares on the previous trading day. The total value of traded shares rose to Rs. 30.196 billion, up from Rs. 20.523 billion.

A total of 448 companies participated in the trading session, with 224 recording gains, 86 experiencing losses, and the share prices of 3 companies remaining unchanged.

Leading the trading activity were Pak Petroleum, with 40,779,930 shares traded at Rs 126.69 per share, Hub Power Company XD, with 28,080,507 shares at Rs 121.70 per share, and Fauji Cement XD, with 23,127,553 shares at Rs 28.00 per share.

Hoechst Pakistan Limited saw the most significant increase in share price, rising by Rs 185.20 to close at Rs 2,285.20. Pakistan Tobacco Company Limited followed, with an increase of Rs 85.77 per share, closing at Rs 1,027.45.

Conversely, Bhanero Textile Mills Limited experienced the largest decrease, with its share price falling by Rs 82.27 to close at Rs 966.73. Hallmark Company Limited also saw a decline, with its share price dropping by Rs 43.04 to close at Rs 1,132.30.

The bullish trend and record-breaking performance of the PSX reflect growing investor confidence and positive market dynamics.