The surge made a 2.50% gain to close at a striking 114,113.94, up from 111,326.58 on the previous trading day, according to data available at PSX website. Market watchers are now asking: Is this the start of a sustained rally—or just a short-term spike?

Despite the index s powerful surge, overall trading volume dipped, with 372,363,708 shares exchanged, down from 490,948,134 a day earlier. The total value of shares traded also fell to Rs23,285,000,000 from Rs31,124,000,000.

Out of 445 companies that participated, 311 recorded gains, 63 saw declines, and 51 remained unchanged—a strong sign of broad-based momentum.

Top performers included:

    Sui South Gas: 29,319,891 shares at Rs40.25

    Cnergyico PK: 27,367,683 shares at Rs7.11

    Bank of Punjab: 20,836,529 shares at Rs9.69

The day’s biggest gainer was PIA Holding Company Limited, jumping Rs436.63 to close at Rs4,802.96, followed by Hoechst Pakistan Limited, which climbed Rs223.37 to Rs3,173.37.

On the downside, Unilever Pakistan Foods Limited took the biggest hit, dropping Rs461.63 to Rs23,008.12, while Pakistan Tobacco Company Limited slipped Rs30.05 to Rs1,162.34.

With major movers and a surging index, analysts and investors alike are watching closely—is the PSX entering a new bullish era?