KARACHI: Stocks rallied to mark a new landmark at the Pakistani Stock Exchange (PSX) on Thursday when the bulls went berserk stirring the index to all-time high of 67,000, local media reported.
As the business opened, the purchasers came in with force taking the benchmark KSE-100 index to the highest-over point of 67,184.25, up by 636 points.
Buying was witnessed in index-heavy sectors including automobile assemblers, chemical, commercial banks, cement, oil and gas exploration companies.
Index-heavy stocks including PPL, Lucky Cement, SNGPL, and SSGC were trading in the green.
Earlier, on Wednesday, PSX had also hit a new breakthrough and closed on its highest-ever level in the history on the back of healthy buying by both foreign and local investors coupled with institutional support.
More to be followed….
