Pakistan, July 2 -- The Pakistan Stock Exchange (PSX) continued its upward momentum on Wednesday, crossing the 129,000-point mark for the first time in history. During intraday trading, the KSE-100 benchmark index surged by 1,251.46 points, reaching a record-breaking 129,450.46 points. This bullish rally was driven by investor optimism fueled by fresh equity allocations in the federal budget and signs of economic stability.

A day earlier, the market had already shown strong gains, with the benchmark index rising by 2,572.11 points to close at 128,199.43. This represents a 2.05 percent increase, supported by a buying spree that led to the trading of over 1.03 billion shares worth Rs 44 billion. Out of 479 companies that traded their share...