Pakistan, May 22 -- KARACHI - The Pakistan Stock Exchange (PSX) continued its bullish streak on Thursday morning, with the benchmark KSE-100 index climbing to a new high of 120,617.78 points. This marks an increase of 686.33 points, driven by strong investor sentiment and growing optimism about the upcoming federal budget.

Buying activity was observed across key sectors, including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs, power generation, and the technology sector. Major stocks such as HUBCO, MARI, POL, PSO, MCB, MEBL, and NBP traded in the green, helping to support the overall market momentum.

On Wednesday, the PSX closed at 119,931.5 points after gaining 960 points, showing strong recovery sign...