Equities at the Pakistan Stock Exchange (PSX) soared to new levels on Tuesday, as the benchmark KSE-100 Index broke past the 137,000 mark, registering a gain of nearly 700 points in the early trading session.

At 12:40pm, the benchmark index was hovering at 137,240.25, an increase of 737.72 points or 0.54%.

Broad-based buying was noted across key sectors, including automobile assemblers, commercial banks, oil and gas exploration firms, oil marketing companies, power generation, and refineries.

Major index stocks such as ARL, HUBCO, MARI, PPL, POL, PSO, MCB, MEBL, NBP, and UBL were all in positive territory.

On Monday, the PSX experienced a significant rally, achieving a historic high driven by strong institutional participation and increased investor confidence.

The KSE-100 Index closed up 2,203 points, or 1.64%, finishing at a record 136,502.54 points.

On the global front, Asian shares rose, and the dollar maintained its gains as trade talks remained in focus.

This week is also expected to bring crucial US inflation data and bank earnings reports.

Meanwhile, oil prices dipped following US President Donald Trump’s announcement of a 50-day deadline for Russia to conclude its war in Ukraine to avoid energy sanctions.

Additionally, Japanese government bond yields surged to multi-decade highs ahead of an important upper house election.