KARACHI: Pakistan Stock Exchange (PSX) touched an all-time high level of 67,130 with shares rising more than 600 points during intraday trading on Thursday.
Experts attributed that surge in PSX to a recent deal with IMF for a new loan and the proposed privatization of the Pakistan International Airline (PIA).
From the previous close of 66,547.78 points on Wednesday, the KSE-100 index increased by 639.22 points, or 0.96 percent, to stand at 67,187 at 11 am.
READ MORE: PSX crosses 67000 points milestone
Taking on X, Arif Habib Limited tweeted at 10:50 a.m., stating that KSE-100 Index trading at an all-time high level of 67,130; crossed the previous high level of 67,094 on an intraday basis. KSE-100 index went up by 582 points (67,130 pts, +0.87%, on intraday basis) DoD; surpassed its previous high of 67,094 points (on intraday basis), it said.
The bullish market was witnessed in index-heavy sectors including automobile assemblers, commercial banks, cement, chemical, oil and gas exploration companies, and OMCs. Index-heavy stocks including Lucky Cement, OGDC, PPL, SNGPL, PSO, SHEL, and SSGC were trading in the green.
On Wednesday, the Pakistan Stock Exchange hit a new milestone and closed at its highest-ever level in history on the back of healthy buying by both local and foreign investors coupled with institutional support.