PSX Crosses 65,000 With A Bang As KSE-100 Rallies By +1,100 Points

The Pakistan Stock Exchange (PSX) surged to a new all-time high, surging past the previous record of 64,718 and breaching 65,000 points within the first two hours of trade on Friday. The benchmark KSE-100 index went up by 1.43 percent or 926 points at 10:20 AM to a new high of 65,644. At 10:55 AM, it clocked in at 65,872, up 1.78 percent or 1,154 points. Overall, the market momentum was bullish, with a total trading volume of 415 million shares, amounting to a value of Rs. 13.5 billion. At the time of filing, the highest participation was witnessed in K-Electric Limited (PSX: KEL) with over 97.8 million shares traded, followed by Kohinoor Spinning Mills Limited (PSX: KOSM) and Oil and Al Shaheer Corporation Limited (PSX: ASC). The scrips had 21.68 million shares and 18.47 million shares traded, respectively. This is an intraday market update.