Bulls toss share prices over 50,000 barrier for first time in six years

Good dividend news and the positive economic indicators have tossed the KSE-100 index to over 50,000 mark at the Pakistan Stock Exchange, for the first time in six years, reported 24NewsHD TV channel.

During the trading on Tuesday, the share prices surged by 286 points taking the KSE-100 index to 50,017 in six years, which was last recorded on June 7, 2017.

A mixed trend was witnessed in the index-heavy sectors including automobile assemblers, commercial banks, cement, chemical, oil marketing companies and oil and gas exploration companies.

Reporter Ashraf Khan