The Pakistan Stock Exchange (PSX) reached a new milestone on the last day of the business week, as the benchmark KSE-100 Index crossed the historic 101,000-point mark for the first time.
At the close of trading on Friday, the KSE-100 Index surged by 1,274 points, settling at 101,357 points, despite being the final day of the rollover week. During the session, the index witnessed an intraday rise of over 1,400 points before closing at this record high.
The market maintained a bullish trend throughout the day, even amidst instances of profit-taking. Investors' confidence remained strong, enabling the index to stay above the crucial 100,000-point threshold.
- Total volume: Approximately 920 million shares were traded.
- Market value: The day’s trading amounted to a staggering Rs36 billion.
Earlier in the session, the index had already set new records, beginning with a 463-point rise to reach 100,546 points, and later adding another 799 points to close at 100,882 before gaining momentum to surpass the 101,000 mark.
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