KARACHI: Across-the-board buying provided strong support to the bulls at Pakistan stock market as they hit another all time highs above 45,000 psychological level. The benchmark KSE 100 index gained 645.25 to close at 45387.23 mark for the first time in the history of the bourse. Stocks surges to new highs led by oil and cement scrips as investor bet on rising global crude prices and gains from CPEC projects. Reports on rising auto sales, record production in cement industry, upbeat data on cement sales and higher urea sales for Nov’16 played a catalyst role in record close, according to senior analyst Ahsan Mehanti. Soon after the opening bell, KSE100 Index was pushed up by gains in Lucky Cement as the stock maintained its winning streak for the second straight day after the company unveiled its ambitious investment plans for capacity expansion in Iraq and diversification into local auto sector through a Joint venture with KIA Motors, said Ali Raza, equity analyst at Elixir Securities adding that as the day progressed, wider market steadily gained helped by strong local liquidity in index names as participants’ concerns and anxiety were put to bed after court hearing on Panama Papers case was pushed ahead to next year. All major sectors including cement, financial, E&Ps and select Industrial illiquids garnered interest from locals and contributed to day’s gains, while small and mid caps dominated the volumes table on retail-driven activity. Volume increase to 407 million shares while the value increased to Rs 22 billion. Overall, volumes decreased by 22 percent to 368 million shares, while value decreased by 24 percent to Rs 16 billion /$151 million. The market capitalization increased to Rs 9.1 trillion. Aisha Steel Mill led the volume leaders with 41 million shares followed by Bank of Punjab 33 million, Fauji CementXD 18 million, Pakistan International Bulk Container Terminal 18 million, and Power Cement 13 million. Shares of 412 companies were actively traded at the bourse on Friday out of which shares of 225 appreciated, 165 depreciated, while 22 remained unchanged. According to equity analysts The current momentum is most likely to continue into early next week with benchmark index attempting to gain more ground. “We see only limit upside ahead given sharp gains in past six trading sessions and advice against building fresh positions”, Raza said.