Karachi: The Pakistan Stock Exchange (PSX) on Tuesday continued its record-breaking momentum as investor confidence remained elevated following the close of a stellar fiscal year marked by macroeconomic gains and strong foreign support.
The PSX benchmark KSE-100 Index climbed to an intraday high of 127,538.99, gaining 1,911.68 points, while the session’s low stood at 126,113.27, up 485.96 points from the previous close of 125,627.31.
Pakistan Stock Exchange achieved another milestone and surpassed the psychological barrier of 127,000 during the trading.
Later, at 11:50am, the benchmark index was hovering at 128,006.90 level.
KSE-100 index is trading at an all-time high level on an intraday basis.
Buying was observed in key sectors including automobile assemblers, commercial banks, oil and gas exploration companies and power generation. Index-heavy stocks, including HUBCO, MARI, PRL, POL, MCB, MEBL and NBP traded in the green.
The PSX concluded the last day of fiscal year 2024-25 on a powerful note, fueled by strong fiscal year-end flows, active institutional participation and a significant external financing development that improved investor sentiment.
By the close of the session, the benchmark KSE-100 Index had surged by 1,248.25 points, or one percent, settling at a record 125,627.31 points, soaring to an all-time closing.
