KARACHI – The Pakistan Stock Exchange (PSX) rallied to another high in early trading session on Thursday as KSE-100 index crossed 88,000 points barrier for first time in history.
Till 10:50 am, the 100 index benchmark has gained 847.24 points to reach 88,041.77 points as aggressive buying witnessed during intraday trading.
Experts have attributed positive momentum in stocks to political stability, the successful Shanghai Cooperation Organisation (SCO) summit, local mutual fund buying and anticipation of cut in policy rate.
A day earlier, shares at the Pakistan Stock Exchange (PSX) also reached a new all-time high on Wednesday by the benchmark KSE-100 index crossing the 87,000-point barrier.
The index closed at 87,194.53 points, up by 727.96 points or 0.84pc, from the previous close of 86,466.57 points. The index reached an intraday high of 87,309.22 points.
As many as 447 companies had transacted their shares in the stock market, 214 of them recorded gains and 173 sustained losses, whereas the share price of 60 companies remained unchanged.
The three top trading companies were KEL with 207,635,816 shares at Rs 4.67 per share, WorldCall Telecom with 42,917,587 shares at Rs 1.29 per share and Pak International Bulk with 33,969,303 shares at Rs 5.96 per share.
