KSE-100 index breaches 72,000, creates new all-time high
Bulls returned to the trading floor at the Pakistan Stock Exchange (PSX) as shares climbed more than 700 points on Wednesday to breach the key 72,000 level for the first time.
The benchmark KSE-100 index gained 827.36, or 1.16 per cent, to stand at 72,186.76 at 12:21pm from the previous close of 71,359.40 points.
Mohammed Sohail, chief executive of Topline Securities, observed that this was yet “another record high at the PSX”, he attributed the rally to being “mainly led by institutional buying”.
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