KARACHI: The Karachi Stock Exchange (KSE) rose 405 points or 1.49 per cent on Tuesday with the benchmark 100-index closing the day at an all-time high of 27,565 points.
Trading kicked off at 27159.91 points with the bourse rallying to rise to a level of 27595.64 points during mid-day trading. The KSE-100 index settled at 27,565.50 points with trading at a volume of 220 million.
The Pakistan stock market has been performing at unprecedented levels in recent weeks, with the bourse gaining eight per cent (dollar-based 15pc) in the quarter, making it the best performing market in the world.
Analysts say improving economic indicators and foreign inflows have generated positive sentiments in the market. The strengthening of rupee against the dollar has also assisted the Pakistan market in securing a place ahead of the rest.
Foreign inflows have also kept up the bullish trend at the market during the first quarter of 2014. Foreign investors hold $5.1bn worth of Pakistan shares which amounts to 32pc of free-float (8pc of market cap).