6 days ago
PSX update today: Hits new all-time high as KSE-100 crosses 140,000
The Pakistan Stock Exchange (PSX) witnessed yet another significant upswing on Friday, driving the benchmark KSE-100 index to a new all-time high.
The index is up 126.38 points, with the current level at 138,791.87, marking a 0.09% gain from the previous close of 138,665.49 during intra-day trading.
The market touched a record high of 140,585.38 and a low of 138,551.61, showcasing a wide trading range driven by active participation across key sectors.
Trading volume remained strong at 107 million shares, while the daily traded value reached Rs11.38 billion, underlining continued investor interest in equities amid stabilising macroeconomic signals.
Read: PSX climbs to new peak above 138,000
This rally follows Thursday's bullish momentum when the KSE-100 index surpassed the 138,000 milestone for the first time in history.
Stock buying was observed across the board, with notable strength in auto, cement, fertiliser and energy sectors.
Arif Habib Corp MD Ahsan Mehanti commented that stocks closed at an all-time high, driven by broad-based gains amid unconfirmed reports of a potential US president's visit on September 18, which was expected to strengthen bilateral trade ties.
JS Global analyst Muhammad Hasan Ather stated that the historic rally at the PSX was driven by aggressive buying in energy, oil, fertiliser and pharmaceutical sectors, which was further fuelled by expectations of a rate cut in the upcoming monetary policy committee meeting.
The rally was driven by heavy institutional flows, with local investors stepping in to scoop up, reigniting market momentum.
