Bulls push Pakistan Stock Exchange close to 65,000-mark

Sky is the limit as the aggressive buyers went on the rampage at the Karachi Stock Exchange on Thursday taking the share prices close to the major milestone of 65,000-mark, reported 24NewsHD TV channel.

The benchmark KSE-100 index soared by massive 800 points and was ended the day at 64,719, only a few hundreds points away from the historic high of 65,000-mark.

Across-the-board buying was witnessed in heavy sectors including cement, chemical, commercial banks, fertilizer, OMCs and power generation and distribution sectors.

On Wednesday, the PSX had witnessed another buying spree as the index settled at 63,917.72, up by 961.70 points or 1.53%.

Analysts said the index has gained 54.5pc since Pakistan signed a loan agreement with with the International Monetary Fund (IMF) in July.

Reporter Ayaz Rana