Abb Takk News

PSX hits record high, crosses 45,000 points mark

KARACHI: Pakistan Stock Exchange (PSX) hit another record high as the KSE-100 index surged over the psychological barrier of 45,000 points during early trading on Friday.

On Friday, the market opened at 44,741 points, which hit 45,230 points in early trade as the market stayed bullish.

The index crossed 45,000 mark for the first time in history. The bullish trend in the market is attributed to rise in oil prices in the global markets and other factors.

Yesterday, the KSE-100 Index closed up 247 points, and more than 135 million shares were traded during the market hours.

Stocks of 384 companies exchanged hands yesterday, of which 129 experienced gains, whereas 235 declined. Once again, Commercial Banks led the sectors in trading, and was followed by Cement. Most traded stocks were Aisha Steel Mill, Dewan Motors, and Invest Bank.