Brisk buying lifts Pakistan Stock Exchange to all-time high
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Share prices at Pakistan Stock Exchange (PSX) smashed through the 83,000 psychological barrier on Friday touching the historic high mark amid brisk trading, reported 24NewsHD TV channel.
The benchmark KSE-100 index was tossed above the all-time high level as stocks rallied as experts expressed the hope the State Bank of Pakistan (SBP) will lower the interest rate by another 200 points amid falling inflation.
The hectic buying lifted the index by 335.63 points or 0.40% to 83,057.37 points.
On Thursday, bulls had dominated the trade floor at the Pakistan Stock Exchange (PSX) as shares gained more than 700 points.
The benchmark KSE-100 index climbed 836.06 points, or 1.02 percent, to stand at 82,803.06 points from the previous close of 81,967.00 points in midday trading. Finally, the index closed at 82,721.76, up by 754.76 points or 0.92pc, from the previous close.
Reporter Ashraf Khan