Kse-100 rallied for the 10th consecutive session to mark the biggest rally since January 2018, as index gained 2,423 points in the past 10 days. Investors cheered the upsurge and positive momentum on Thursday, after index crossed 36,000 mark to close at 36,142.17 by adding 447.28 points. The bull-run at the index also led to the highest volume recorded in the past 6 months, as over 467 million shares traded on Thursday. Bulls have returned to the bourse ever since the beginning of the new fiscal year 2021 as investors is welcome muted political noise and subsequently diminishing Covid-19 cases in Pakistan. Investors’ participation has lifted index by 33% since recording the lowest closing in march after Covid-19 pandemic wreaked havoc with global economies , and sent global markets into a shock, resulting in a historic sell off. The major buying spree was led by institutions after government of Pakistan last week banned institutional investments in national savings schemes to redirect them to other parts of the financial sector. On Thursday, Institutions were net buyers of $1.7 million worth of shares, followed by Mutual funds with $0.9 million worth of shares. Moreover, Market rally entered the 10th session on Thursday, following State bank of Pakistan announcement to safeguard the businesses and households by reducing markup rate on investment under Temporary Economic Refinance Facility to 5% from the existing 7% and on Long Term Financing Facility for non-textile sector to 5% from 6%. On Thursday, the benchmark KSE-100 Index started the day on a bullish note and continued to rally to touch an intra-day high at 36,190.70 points after gaining 491.81 points. The Kse-100 closed at 35,694.89 points on Wednesday. The total volume traded for the index jumped from to 205.99 million shares in the previous session to 333.34 million shares.The volume chart was led by Unity Foods Limited followed by Pak Elektron Limited and TRG Pakistan limited. The scrips exchanged of 40.65 million, 39.60 million, and 38.45 million shares, respectively. Sectors, which continue to lift the index, included Commercial Banks with 218 points, Oil & Gas Exploration Companies with 80 points, Power Generation & Distribution with 48 points, Fertilizer with 38 points and Oil & Gas Marketing Companies with 29 points. Among the scrips, the most points added to the index was by Habib Bank Limited which contributed 56 points followed by Hub Power Company Limited with 43 points, Pakistan Petroleum Limited with 35 points, Bank Al Falah Limited with 31 points.However, Sector wise, Pharmaceuticals led the losses and dented the index with 20 points, followed by Automobile Assembler with 7 points, Leather & Tanneries with 3 points, Textile Spinning with 2 points and Miscellaneous with 2 points. Among the scrips, the most points taken off the index was by Indus Motor Company Limited which stripped the index of 9 points followed by The Searle Company Limited with 8 points, Highnoon Laboratories Limited with 7 points, Adamjee Insurance Company Limited with 6 points and GLAXO with 5 points. Global markets: Resurgence of covid-19 hotspots in U.S continues to fend-off investors from active rally as hopes of economic recovery is dampening with every passing day. However, global stocks witnessed mixed trend over hopes of potential vaccine. Gilead Sciences on Wednesday began testing an inhalable form of its antiviral Covid-19 drug remdesivir which can be administered outside hospitals. The stocks which edged higher on Thursday were primarily the ones with the fate dependent on the reopening of the economies.European stocks were mixed after back to back blanket losses. German DAX edged higher by 1.08% as index heavy weight SAP shares jumped 6.9% after it announced the business activity gathered steam in the second quarter. However, FTSE-100 in UK shed 0.76% followed by CAC-40 in France which lost 0.05%.In Asia, Stocks bucked up the global trend and picked the pace with all major bourses closing in the positive territory. Chinese stocks built on the solid run they’ve had so far this week as they led gains in the region for yet another day. Benchmark index Shanghai composite gained 1.39% on the day to about 3,450.59 while South Korea’s Kospi index advanced 0.42% to close at 2,167.90.In Japan, the Nikkei 225 index rose 0.40% to close at 22,529.29 as shares of conglomerate Softbank Group climbed 4.52%. Hong Kong’s Hang Seng index also gained 0.31% higher, as shares of Chinese tech juggernaut Alibaba soared 9.59%.In U.S, Wall Street continues a cautious course and shed some previous session’s gains. The Dow Jones Industrial Average and S&P 500 fell on Thursday, by 0.66% and 0.90% respectively. However, the tech heavy Nasdaq Composite remained volatile but added 0.3% to hit an all-time high as major tech shares outperformed once again amid rising coronavirus cases. Netflix and Microsoft advanced 0.6% and 0.7%, respectively, while Apple gained 0.8%.