PSX attains all-time high of 118,000 amid economic gains
Business
Heavy buying was witnessed in multiple sectors
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) on Wednesday attained the all-time high figure of 118,000 amid positive indicators.
The PSX continued to witness buying spree as bulls were all the rage for third consecutive day.
The benchmark KSE-100 Index gained 1,200 points to touch the all-time high figure of 118,243 during early trading hours.
Later, the index closed at 117,974 with a gain of 972 points. As many as 221 companies earned profit and 157 faced losses.
Read more: Stocks trade flourishes surpasses 116000 mark
Heavy buying was witnessed in multiple sectors including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refinery.
Index-heavy stocks including PRL, NRL, HUBCO, MARI, OGDC, PPL, POL, HBL, MEBL and NBP also traded in green.
On Tuesday, the KSE-100 index was closed at 117,001 points after gaining 801 points.
Analysts say government's key measures including efforts to resolve circular debt issue have resulted in investment spree and spike in stock exchange gains.
