PSX Surges to All-Time High After Gaining Nearly 2,000 Points  

The 100-Index of the Pakistan Stock Exchange (PSX) gained 1,913.57 points to close at an all-time high of 110,810.22 points on Wednesday as compared to 108,896.65 points on the last trading day.   A total of 1,080,023,483 shares were traded during the day as compared to 1,548,302,320 shares the previous trading day, whereas the price of shares stood at Rs. 47.139 billion against Rs. 68.805 billion on the last trading day.  As many as 472 companies transacted their shares in the stock market, 288 of them recorded gains and 130 sustained losses, whereas the share price of 54 companies remained unchanged.  In a note brokerage house Topline Securities said the market’s upward trajectory was supported by strong buying activity from local institutions as it reached an intraday peak of 111,012 before settling at 110,810.  Key contributors to the index’s rise included MARI, PPL, OGDC, DAWH, and UBL, which together added 1,002 points to the index, it added.