On Friday, the Pakistan Stock Exchange (PSX) surged above the previous record of 60,531 and broke through 61,000 points, setting a new all-time high.
PSX Benchmark KSE-100 Index Crossed Historic 61,000 Points Milestone
The benchmark KSE-100 index increased by 1%, or 590 points, following the start of trading, reaching a record high of 61,121 at 11:40 a.m.
It registered at 61,269 at 2:40 PM, up 1.22 percent or 738 points.
The KSE-100 index increased by 1.51 percent, or 915 points, at 2:50 p.m. to reach 61,446 points.
Important index-heavy equities that had drawn foreign investment the day before maintained their upward trend.
Shares Traded
The market saw strong trading activity overall, with 333 million shares changing hands for a total value of Rs. 12.9 billion.
With more than 28.7 million shares traded, Maple Leaf Cement Factory Limited saw the highest level of participation.
Pak Elektron Limited and Fauji Cement Company Limited came next.
26.2 million shares and 25.4 million shares, respectively, were traded for the scrips.
KSE-100 Index Position in November
Significantly, the KSE 100 Index increased by about 17% in November, which can be attributed to feelings following staff-level agreement with the IMF.
The lowest yields on Treasury bills held during the month and the largest foreign corporate purchase in over four years encouraged by it.
Top Volumes
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| MLCF | 42.14 | 42.17 | 39.2 | 2.59 | 28,711,196 |
| FCCL | 18.86 | 18.86 | 17.6 | 1.32 | 26,241,500 |
| PAEL | 18.78 | 18.98 | 17.71 | 1.04 | 25,425,679 |
| FFBL | 24.13 | 24.44 | 23.76 | 0.13 | 14,913,500 |
| HUMNL | 7.58 | 7.7 | 7.21 | 0.34 | 13,386,500 |
| AIRLINK | 61.9 | 61.9 | 57.45 | 4.32 | 13,072,272 |
| WTL | 1.55 | 1.58 | 1.51 | 0.04 | 10,663,264 |
To read our blog on “PSX has crossed 60,000 points mark 1st time in the history,” click here.