PSX crosses 156,000 points for first time

Karachi: The Pakistan Stock Market has created a new history and crossed the 156,000 point mark for the first time.

The first day of trading saw a huge surge.

During trading, the Pakistan Stock Exchange’s 100 Index increased by more than 1,600 points, with the stock market’s Hundred Index reaching a record high of 156,080 points.

A buying trend was seen in key sectors, including cement, commercial banks, oil and gas exploration companies, OMCs and power generation companies.

Shares with significant weightage in the index such as Hubco, Mari, OGDC, PPL, POL, SSGC, SNGPL, DGKC, Lucky, HBL, MCB and Meezan Bank were trading in the positive zone.

It is pertinent to note that on the last day of the last business week, the 100 index of the Pakistan Stock Exchange closed at a high of 154,277 points with an increase of 1,611 points.

On the other hand, the dollar fell by another Rs0.10 in the interbank market, with the US currency trading at Rs281.55, down from Rs281.65.