E&Ps led the losers, regardless of rise in international oil prices.
Independent power sector in the limelight as finance adviser hints talks with sector expected to reach conclusion soon.
Investors spooked by the brewing developments on the political side; impact diluted by Moody's reaffirmation.
Stockholders expect the revival of economic activity as revenue collection increases, car sales grow and cement despatches rise.
Market pundits expect trend to remain positive as smart lockdown is eased from about the entire economy from Aug 8-10.
Europe as a whole was hammered by its sharpest recorded contraction in the second quarter.
Analyst at JS Global says bullish week has taken "cumulative returns to a staggering 16.5pc during brief period".
Reports regarding IMF’s technical assistance to extricate Pakistan from FATF grey list helped the market in its upward journey.
Oil prices mixed as investors weigh hopes for a US stimulus package with declining demand.
The SBP gesture was considered as a sign that the policy rates had bottomed out.
Local exchange following in footsteps of global equities which are hitting new highs as world economy shows signs of recovery.
Profit-taking followed by buying on dips was the trend.
Brokers were the first to book profit with sale of shares worth $2.23 million.
Analysts believe another State Bank monetary policy meeting could be held in July with the prospect of another rate cut.
Market has carried on its journey to the north in the last 15 of 16 trading days accumulating aggregate gains of 3,618 points.
Foreign selling stood out in the heavy sum of $4.50 million.