During intra-day trading on Thursday, the KSE-100 index surged beyond 88,000 points for the first time, marking a historic milestone for the Pakistan Stock Exchange (PSX).
The index was at 88,022.68, having increased 828.15 points, or 0.95%, as of 10:50 AM.
There was widespread purchasing in a number of important industries, such as cement, oil and gas exploration, commercial banking, and auto manufacture.
Prominent equities like HUBCO, KEL, OGDC, PPL, PSO, and NBP helped to fuel the upward trend.
Market observers credit this increase to a number of causes, such as falling yields on government assets and anticipations of a possible policy interest rate decrease, which have stimulated equity investments.
