KARACHI: Bulls continued to charge relentlessly, marking the 5th consecutive record-setting session at the stock marl
The index rallied 1,040.82 points to hit an intraday record high of 96,036.49. However, profittaking towards the session`s close saw the trimming of some early gains, but it still settled at an alltime high of 95,856.67 af ter gaining 861.75 points amid improved volumes day-on-day.

Systems Ltd drew considerable investor interest after its subsidiary, OneZapp, officially secured approval from the State Bank of Pakistan to commence commercial operationsasanElectronic Money Institute.

Topline Securities Ltd noted that the index demonstrated exceptional bul-lish momentum buoyed by expectations of the Consumer Price Index (CPI) falling within the 4.5 per cent to 5pc year-on-year range. Notably, this marks the first time in 78 months that inflation is anticipated to drop below 5pc.

The pharmaceutical sector continued itsupward trajectory, extending its recent rally.

Key contributors to the index`s upward movement included Systems Ltd, United Bank Ltd, Abbott Laboratories, PSO, and Engro Fertiliser, collectively adding484 points.

Ahsan Mehanti of Arif Habib Corporation saidstocks hit a new all-time high as investors weigh robust economic data, including a third straight monthly current account surplus in October thanks to higher remittances, exports and foreign direct investment.

Surging global crude oil prices and speculationsover likely government patch-up with the PTI ahead of the protest call for next week played a catalyst role in record bullish activity at the PSX.

The trading volume rose 8.5pc to 830.93m shares, and its value surged 25.47pc to Rs30.01 day-on-day.Stocks contributing significantly to the traded volume included WorldCall Telecom (77.99m shares), Fauji Foods (70.72m shares), Hascol Petroleum (55.50mshares),K-Electric (36.88m shares) and Sui Southern Gas Company (36.29m shares).

The shares registering the most significant increases in their prices in absolute terms were Unilever Foods (R s279.82), Pakistan National Shipping Corporation (Rs29.88), Pakistan Engineering Company (Rs27.74), Philip Morris (Rs24.61) and Nestle Pakistan (Rs18.01).

The companies that suffered significant losses in their share prices in absolute terms were Hallmark Company (Rs42.47), Khyber Textile (Rs39.19), Sapphire Textile (R s33.17), Haleon Pakistan (Rs21.56) and Service Industries (Rs17.90).

Foreigners remained net sellers as they offloaded shares worth $8.80m. However, mutual funds extended their buying spree, picking shares worth $4.37m.