PSX climbs to record high as KSE-100 surges past 87000 mark

ISLAMABAD – Positive sentiments ruled the Pakistan Stock Exchange (PSX) for third consecutive day on Wednesday as KSE-100 index gained 727.96 to reach all time high level of 87,194.54 points.

A total of 699,294,030 shares were traded during the day as compared to 722,209,194 shares the previous trading day, whereas the total value of shares stood at Rs 26.824 billion.

As many as shares of 447 companies were traded in the stock market, and 214 of them registered gains and 173 suffered losses. However the share price of 60 companies remained unchanged.

The three top trading companies were K-Electric Limited with 207,635,816 shares at Rs 4.67 per share, WorldCall Telecom with 42,917,587 shares at Rs 1.29 per share and Pak International Bulk with 33,969,303 shares at Rs 5.96 per share.

Unilever Pakistan foods Limited witnessed a maximum increase of Rs 96.84 per share price, closing at Rs 18,263.67, whereas the runner-up was Siemens (Pakistan) Engineering with Rs 92.57 rise in its per share price to Rs 1,018.23.

Experts have attributed the positive trend to anticipation of another reduction in the key policy rate amid political stability in the country.