KARACHI - High volumes continued at the Pakistan Stock Exchange on Monday, the first trading day of the week, with the benchmark 100-share index again closing at an all-time high of 40,414.72 points after rallying by 51 points (or 0.13%).

Volumes increased by 3% to 876 million shares while value rose by 15% to the highest value recorded in over a year of Rs19.2b/$184m. Last time it was on July 7, 2015 when value of 19.2bn was observed, dealers said.

Positivity prevailed as the index rallied by around 52 points to close at an all-time high level. HCAR (up 5.0%) continued to remain in the limelight on the back of 50% MoM increase in sales for the month of August.

Similarly, on the back of surging local auto sales, interest was seen in heavy commercial vehicle scrips as HINO (up 5.0%) and MTL (5.0%) closed on their respective upper circuits. Marginal positivity was witnessed in the oil sector on the back of appreciating global crude oil prices as OPEC members discussed output freeze. Top performers of the OMC sector were PSO (up 1.39%) and APL (3.29%). Marginal positivity was witnessed in the cement sector on the back of rising local dispatches, where major gainers of the sector today were DCL (up 5.0%) and CHCC (0.60%), observed analyst Ahmed Saeed Khan at JS Global.

Of total 462 active companies that participated in the session, 292 rose while 156 declined and 14 remained unchanged.

WTL and BOP led the volumes with 70m shares and 67m shares traded, respectively. Continued interest in autos led HCAR, MTL and HINO to close at its upper limit of 5%, said dealers at Topline brokerage.