Share prices at Pakistan Stock Exchange (PSX) continued to set record after record as they skyrocketed by another 500-plus points during trading on Thursday, taking the benchmark KSE-100 index to another historic high.
Buyers went all out as the business began lifting the index by 515.34 points or 0.64 percent to 80,749.01, which was another record.
On Wednesday, the Pakistan Stock Exchange had crossed the milestone of 80,000 points as stocks climbed more than 600 points. The index climbed 627.99 points, or 0.79 percent, to stand at 80,180.87. Experts attributed the bullish trajectory to surging global crude oil prices, expectations for strong dividend payouts by the oil sector dominated by state-owned enterprises, and ongoing positive talks for an International Monetary Fund (IMF) bailout deal this month.
The trading volume increased to 536.58 million shares compared to 413.15 million shares on Tuesday, with the total value of shares rising to Rs22.72 billion from Rs16.60 billion.
