PSX Sets Another Record as it Breaches 105,000 Milestone 

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 545.26 points on Wednesday to close at an all-time high of 105,104.33 points, up 0.52 percent over the previous closing.  A total of 1,749,316,877 shares were traded during the day as compared to 1,766,474,377 shares the previous day. The price of shares stood at Rs. 50.41 billion against Rs. 56.624 billion on Tuesday.  As many as 467 companies transacted their shares in the stock market, 258 of them recorded gains and 180 sustained losses, whereas the share price of 29 companies remained unchanged.  In a note brokerage house Topline Securities said that persistent buying by local institutions, coupled with high trading volumes, reflected strong investor confidence, fueled by expectations of a declining interest rate in the upcoming Monetary Policy Meeting.  Major contributors to the index’s surge included MARI, HUBC, AIRLINK, MTL, and PSO, collectively adding 442 points to the index, it highlighted.