The Pakistan Stock Exchange (PSX) witnessed an unprecedented rally on the opening day of the week as the index crossed the 99,000-point mark once against but later profit-taking set in eating up some of the gains on Monday, reported 24NewsHD TV channel.
During the opening session, the benchmark KSE-100 index surged by 1,484 points or 1.40 percent to reach 99,282 points.
After some time the investors resorted to profit-taking takin the index down.
A little before noon, the index was trading at 98,432.34 points up only by 634.11 points or 0.68 percent.
Experts said that the stock market rally was driven by favourable investor sentiment, alongside regulatory or banking sector adjustments that may have encouraged a shift towards equities.
They said that higher global crude oil prices, rupee stability and surging forex reserves played a catalyst role in the record surge at the PSX.
Earlier, on Friday the KSE-100 index closed higher by 470 points amid falling lending rates while the market witnessed the highest ready volume after eight years.
Pakistan Stock Market is witnessing a remarkable resurgence, with trading activity hitting record highs.
Reporter: Basim Iftikhar