Pakistan Stock Exchange surges to new all-time high
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Pakistan Stock Exchange (PSX) extended its rally on Tuesday, hitting a new all-time high of 95,600, buoyed by a positive shift in the economic outlook as October's current account posted a surplus of $349 million, reported 24NewsHD TV channel.
During the opening session, the benchmark KSE-100 index posted an increase of 605.10 points or 0.63 percent to touch 95,572.50 points.
Investor sentiment surged, with the market reacting positively to the government's ongoing reforms at state-owned enterprises (SOEs) and negotiations with the independent power producers (IPPs).
On Monday, PSX KSE-100 gained 232.03 points, or 0.24 percent to settle at 94,995.67 points at the closing of the stock market.
A total of 765.2 million shares were traded during the day at the PSX, compared with 893.17 million shares during the previous trading session.
The price of shares stood at Rs23.92 billion as against Rs30.81 billion on the last trading day at the stock market.
Reporter Ayaz Rana