PSX crosses 53000-mark to hit all-time highs

KARACHI: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index on Friday soared to an “all-time high”, crossing the 53,000 barrier.

The benchmark stock index struck a record intra-day high of 53,263.07, rising 1.15 per cent from the previous close of 52,656.76, before settling back slightly. It was the highest since May 25, 2017.

By the end of the session on Friday, the KSE-100 closed at 53,123.03 after a gain of 466.27 points or 0.89%.

On Friday, volume on the all-share index increased to 509.11 million from 475.08 million a session before.

The value of shares rose to Rs15.5 billion from Rs14.5 billion in the previous session.

Kohinoor Spining remained the volume leader with 43.1 million shares, followed by Pak Refinery with 41.8 million shares and TPL Properties with 29 million shares.

Shares of 365 companies were traded on Friday, of which 225 registered an increase, 115 recorded a fall, while 25 remained unchanged.