PSX reaches another historic high crossing 67,000 points

KARACHI: Stocks rallied to mark a new milestone at the Pakistani Stock Exchange (PSX) on Thursday when the bulls went berserk tossing the index to all-time high of 67,000.

As the business opened, the buyers came in with force taking the benchmark KSE-100 index to the highest-over point of 67,184.25, up by 636 points.

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According to experts, reports about a new IMF loan and the proposed privatization of the PIA proved to be triggers for the bull-run.

Buying was witnessed in index-heavy sectors including automobile assemblers, commercial banks, cement, chemical, oil and gas exploration companies, OMCs and refinery.

Index-heavy stocks including Lucky Cement, OGDC, PPL, SNGPL, PSO, SHEL, and SSGC were trading in the green.

On Wednesday, Pakistan Stock Exchange had also hit a new milestone and closed on its highest-ever level in the history on the back of healthy buying by both local and foreign investors coupled with institutional support.

Web Desk