Equity Market stood further on Thursday, when the Benchmark KSE-100 index hit a new one constantly in the early trade and continued its upward course as investors maintained the momentum of shopping across key sectors.

The rally follows gains supported by facilitating geopolitical tensions and expectations of a stable economic timetable under the supervision of the International Monetary Fund (IMF).

Pakistan Stock Exchange’s (PSX) Benchmark index rose to a new historic height of 120,569.93 points, rising 638.48 points or 0.53%during the intra-day trader, from the previous end of 119,931.45.

The index also marked a low of 120,210.56, still up 279.11 points, or 0.23%, during the early session, which maintained a fixed bullish tone everywhere.

“It’s a continuation of Rally Post Relief from Indo-Pak War,” said Aah Soomro, an independent investment and financial analyst. “The market generally remains attractive with multiple investors implementing funds consistently.”

“Agreement with the IMF on the budget is likely to provide driving force to growth sector stores and continue the Bull Run eventually against 150,000 in a year,” he added.

The rally follows Wednesday’s strong performance as the KSE-100 index closed at 119,931.45 and got 960.33 points or 0.81%.