Stock Index Surges Past 80,000 on Foreign Investment and Gains in Oil, Auto, Banking Sectors

The benchmark stock index rose significantly, closing above the 80,000 mark due to increased foreign investment and gains in key sectors such as oil, automotive, and banking. Market sentiment improved following a recent low, supported by positive global cues and anticipation of an upcoming international summit aimed at reducing geopolitical tensions. Major companies in various industries saw notable gains, while a few lagged. Most sectoral indices ended higher, with real estate leading the gains. Trading volume showed more advancing stocks than declining ones. Regional markets exhibited mixed results, with some Asian indices rising and European markets mostly lower. Foreign institutional investors made substantial equity purchases recently. The global oil price experienced a slight decline. This market activity reflects a cautious but optimistic investor outlook amid ongoing global economic and political developments.