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Share prices hit all-time high at Pakistan Stock Exchange

By News Desk

November 3, 2023 11:52 AM


Share prices hit all-time high at Pakistan Stock Exchange

Representational image

Share prices hit all-time high on Friday as Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index mashed through the 53,000 barried and was being traded at 53,127, reported 24NewsHD TV channel.

The index was previously this high on May 25, 2017. The KSE-100 Index has never closed over 53,000. Its highest closing is 52,876.46, which it registered on May 24, 2017.

Today, the KSE-100 has so far gained 483.89 points or 0.92%.

On Thursday, the index had closed higher for the fourth consecutive session, settling at 52,656.76 level, an increase of 314.12 points or 0.60%, coming on the back of robust momentum provided by the first review of the IMF’s $3 billion Stand-by-Arrangement (SBA).

At the PSX, PSMC continued to hit the upper limit and is currently sitting at Rs456.29, a massive increase from where the share was in June 2023. Additionally, index-heavy construction and oil/gas sector companies as well as OMCs were also in the green.

 

Reporter Ashraf Khan


News Desk


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