Stocks add 254 points to overnight gains

The stock market continued its upward trend on Wednesday amid an improved economic outlook. Topline Securities Ltd said the market maintained its bullish trajectory as investor sentiment remained upbeat, driven by robust corporate earnings. The benchmark index surged 941 points intraday before closing at 113,342 points, marking a 253-point gain or 0.22 per cent day-on-day. It noted that this positive momentum was primarily fuelled by better-than-exp­ected corporate results, which bolstered investor confidence and encouraged fresh buying across multiple sectors. Fauji Fertiliser, Bank Al-Habib, Millat Tractors, Systems Ltd, and Kohat Cement largely supported the market’s upward movement, which collectively contributed 433 points to the index. However, United Bank, Lucky Cement, Hub Power, Habib Bank, Pakistan Petroleum, and OGDC took away 619 points.