Shares at PSX reach all-time high before reversing gains

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.

However, by the end of the session, the index reversed its gains and traded in the red. The index declined by 169.84 points, or 0.14pc, to stand at 118,768.27 at 4:07pm.

Mohammed Sohail...