History made as share prices go through roof at Pakistan Stock Exchange

Share prices soared massively as bullish trend continued to dominate the Pakistan Stock Exchange with KSE-100 index smashing through the 54,000 barrier for first time in the history on Tuesday, reported 24NewsHD TV channel.

As the business opened today, aggressive investors were seen going after the stocks lifting the share prices by 452 points. The surge took the index to 54,312 for the first time in history.

The situation was not different on Monday also when bullish trend continued on PSX and the market hit highest-ever level in its history on the back of aggressive buying mainly by local investors coupled with institutional support.

The benchmark KSE-100 index had surged by 737.33 points or 1.39 percent and closed at its highest-ever level of 53,860.37 points. During the Monday’s session, the index hit 53,944.89 points intra-day high however closed at slightly lower level due to profit taking in some stocks.

Trading activities also improved as total daily volumes on ready counter increased to 546.547 million shares as compared to 509.113 million shares traded on last Friday while total daily traded value on ready counter increased to Rs17.905 billion against previous session’s Rs15.586 billion.

Reporter Baseem Iftikhar