Friday saw the Pakistan Stock Exchange (PSX) hit all-time highs, with the benchmark KSE-100 Index making its first foray above the 169,000-point threshold.
Due to selling pressure in the last session, the market closed marginally lower after rising 1,499 points during trade and briefly approaching the 170,000 mark.
A trading day that broke records
During the final closing hour, the stock market experienced selling pressure. After climbing 500 points, the KSE-100 Index hit a new closing record, ending the day at 168,990 points. With 1.57 billion shares worth Rs79 billion moving hands, the Ready Market also had its largest-ever single-day trading activity.
According to market participants, vigorous buying by mutual funds, insurance providers, and high-net-worth investors drove this spike, indicating growing confidence in the market’s performance.
