Shares at PSX surge 1,800 points in all-time high in intraday trade

Bulls continued their stampede on the trade floor on Friday as shares at the Pakistan Stock Exchange (PSX) surged more than 1,800 points in an all-time high in intraday trade.

The benchmark KSE-100 index surged 1,855.30, or 1.56 per cent, to stand at 120,793.41 from the previous close of 118,938.11 at 9:59am.

Mohammed Sohail, chief executive of Topline Securities, told Dawn.com that despite falling global markets, the index crossed the 120,000 barrier “amid expectations of better...