PSX Hits Fresh All-Time High After Gaining Over 2,000 Points

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index continued bullish trend on Wednesday, gaining 2,051 points to close at 145,088 points, a fresh all-time high. A total of 788,463,721 shares were traded during the day as compared to 549,719,494 shares the previous trading day, whereas the price of shares stood at Rs. 52.780 billion against Rs. 37.040 billion on the last trading day. As many as 484 companies transacted their shares in the stock market, 264 of them recorded gains and 192 sustained losses, whereas the share price of 28 companies remained unchanged. In a note, brokerage firm Topline Securities highlighted that banking stocks remained the star performers as HBL, NBP, MEBL, and UBL collectively contributed 1,017 points to the benchmark. HBL and NBP hit their upper circuits during intraday trade, although mild profit-taking toward the close trimmed some gains.