KARACHI: The Pakistan Stock Exchnage (PSX) climbed another milestone
on Thursday trade and crossed the highest ever level of 42,000 points on
renewed investment and retail buying, brokers told Business92 Thursday.
The sharp decrease in political temperature boost the economy and first time
in Pakistan’s history PSX has secured the highest level of 42000 points,
however during the session the run could not be maintained and level
downed to 231 points and end the day at 41,974.
The benchmark KSE 100 index rose 232 points to close at 41,974. The index touched the high level of 42,108 points and fell to 41,703 points during intra day trade.
Some 242.80 million shares worth Rs14.609 billion exchanged hands. Out of 401 companies, shares prices of 179 increased and 201 seen decline while value of 21 scrip remained stagnant.
Power, banking and telecom scrip led the market. K-Electric, due to its sell-off announcement, remained in the limelight even today.
Bank of Punjab, Sui Southern Gas, Sui Northern Gas and Dost Steel traded impressively.