Crossing the 47,000 mark, the Pakistan Stock Exchange gets to its all time high

The unified Pakistani bourse, the Pakistan Stock Exchange, saw an all time high hit with the KSE-100 index at 47,000 today.

Jumping up 486.03 points, the index crossed the 47,000 mark in the first of hour trading, this week standing at 47,070.56. The index, however dropped by 354.06 points to close at 46,938.59. The KMI 30 inclined to its intraday high at 81,212.33 showing a rise of of 1,056.76 points, but further settled at 80,716.69. The KSE All Share Index also climbed to 31,998.48 showing a rise of 163.35 points.

A total of 344.151 million shares were exchanged today. The banking sector (Retail Stock) was among the table toppers with an overall trading of 87.1 million shares trade. A number of which 30.226 million shares of The Bank of Punjab were traded. The Power Cement Limited and Pakistan International Bulk Terminal Limited followed with traded shares of 26.001 million and 20.581 million respectively.

The automobile assemblers in Pakistan, the Pakistan Suzuki Motors Company Limited and Honda Atlas Cars (Pakistan) Limited held their upper lock price at the time of closing with the Pakistan Suzuki Motors Company Limited getting to the day’s maximum possible valuation for the rumors about the launch of a new model during the week were circulating.

Source — Pakistan Today