The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed at an all-time high after crossing 80,000 for the second time in two weeks.
The KSE-100 index surged by 853 points or 1.07 percent to 80,405 at 12:07 PM today. An encouraging buying spree in the first three hours of trade helped the index enter the 80,000 territory once again.
The KSE-100 index closed at 80,233, up 680 points or 0.86 percent. This is the highest-ever closing recorded by the benchmark index.
Analysts attributed the bullish trend to rising global crude oil prices, expectations of strong dividends from state-owned oil enterprises, and positive talks for an IMF bailout deal this month. Some noted that the momentum was driven by a newIMF program expected this month and further monetary easing.
The highest participation was witnessed in Pak Elektron Limited (PSX: PAEL) with over 34.5 million shares traded, followed by The Bank of Punjab (PSX: BOP) and National Bank of Pakistan (PSX: NBP). The scrips had 31.4 million shares and 21.2 million shares traded, respectively.
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| PAEL | 26.74 | 27.11 | 25.0 | 1.72 | 34,586,757 |
| BOP | 5.42 | 5.44 | 5.06 | 0.37 | 31,468,760 |
| NBP | 44.49 | 44.98 | 43.0 | 2.89 | 21,224,492 |
| AKDSL | 15.74 | 16.55 | 15.39 | 0.16 | 15,086,401 |
| KEL | 4.74 | 4.82 | 4.66 | -0.02 | 13,995,927 |
| WTL | 1.28 | 1.3 | 1.26 | 0.01 | 13,490,029 |
| FFBL | 38.0 | 39.9 | 37.67 | -0.23 | 13,207,352 |