Share prices soar at Pakistan Stock Exchange, index tops 46,000 barrier
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The KSE-100 index of the Pakistan Stock Exchange (PSX) on Friday gained 600 points during intraday trading, crossing the 46,000 barrier, reported 24NewsHD TV channel.
The 100-index gained 675.30 points to reach 46,073.61 points a little before the close of business.
Insiders said that foreign capital was buying shares in the energy sector. The rally in the stock market was due to good financial results.
Another factor was the Islamabad High Court’s ruling which declared the imposition of super tax on various companies against the law and terminated all notices in this regard as well as reports of keeping the policy rate the same.
Due to all these factors, the index has crossed the 46,000 mark after a gap of 15 months, the insiders added.
Reporter Ashraf Khan