Share prices kept on surging at Pakistan Stock Exchange (PSX) on Tuesday taking the index to breach the 91,000 milestone once again, reported 24NewsHD TV channel.
The benchmark KSE-100 index soared by 915.07 points or 1.00 percent to 91,110.58 points during trading at noon, as the investors kept buying at hectic pace.
Experts said that recent approval by Asian Development Bank’s of $2.75 billion in budget support over four years and the government’s deliberation on privatization of state-owned enterprises (SOEs) played a major role in the bullish activity at the PSX.
On Monday the Index gained 201.55 points, or 0.22 percent, to close at 90,195.52 points.
As many as 456 companies transacted their shares in the stock market, out of which 179 recorded gains, and 222 sustained losses, while the share prices of 55 companies remained unchanged.
Reporter: Basim Iftikhar