Bulls continue record-high stampede at PSX as shares surge 800 points in intraday trade
Shares at the Pakistan Stock Exchange (PSX) surged more than 800 points on Wednesday as the stock market continued its historic bull run, surpassing 96,000 for the first time.
The benchmark KSE-100 index climbed 847.17 points, or 0.88 per cent, to stand at 96,703.83 from the previous close of 95,856.66 points at 10:57am.
Yousuf M. Farooq, director research at Chase Securities, stated, “There is significant interest in retail-driven stocks today, particularly in K-Electric Limited (KEL) and Kohinoor Spinning Mills (KOSM).
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