Business

PSX Makes History After Crossing 90,000 Mark to Hit New All-Time High

The Pakis­tan Stock Exchange (PSX) continued its record-setting spree for the fifth straight session on Friday, taking the KSE-100 index beyond 90,000 points for the first time in history.

The benchmark KSE-100 index gained 1142 points to hit an all-time high of 90,087.41 points compared to the previous closing of 89,373.82 points.

This is one of the fastest gains recorded by stocks on the main bourse, with 125 percent growth posted in just 18 months.

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While it’s still early in the day, 163,785,619 shares were active on the exchange at the time of filing, and the price of shares stood at Rs. 8.485 billion.

As many as 380 companies transacted their shares in the stock market, 228 of them recorded gains and 131 sustained losses, whereas the share price of 21 companies remained unchanged.

The three top trading companies were Sui Southern Gas Company Limited (PSX: SSGC) with 23.2 million shares, K-Electric Limited (PSX: KEL) with 15.4 million shares and Fauji Foods Limited (FFL) with 8.66 million shares.

This is an intraday market update.

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ProPK Staff