KARACHI (Dunya News) - Maintaining the bullish trend, the Pakistan Stock Exchange’s KSE-100 index on Friday surged to an ‘all-time high’ and crossed 53,000 barrier after about six and a half years.
Going up one per cent, the index gained 526 points at 11am. The previous close was 52,656.76 points.
Arif Habib Limited in a message on microblogging site X (formerly Twitter) said, “"PSX market soars to all time highs”, igniting frenzy! The market, for the very first time in its history, has achieved a remarkable milestone by soaring to unprecedented all-time high levels, surging past previous records and setting a new era of financial excellence.”
"PSX Market Soars to All Time Highs”, Igniting Frenzy! The market, for the very first time in its history, has achieved a remarkable milestone by soaring to unprecedented all-time high levels, surging past previous records and setting a new era of financial excellence.… pic.twitter.com/uO8cCwjLVl
— Arif Habib Limited (@ArifHabibLtd) November 3, 2023
A bullish trend was witnessed as the market opened on Friday. The PSX index gained 587 points due to buying of shares by the investors and crossed the psychological barrier of 53,000. It rose to 53,243 from the previous high of 52,656 on Thursday.
In May 2017, the PSX 100 index had touched the figure of 53,127.
Also Read: PSX witnesses bullish trend
After the Election Commission of Pakistan (ECP) announced February 11 as election date, bulls asserted their dominance in the market on Thursday. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index gained 314.13, or 0.6 per cent, on Thursday from the previous close of 52,342.63 points.