PSX Index reaches new high of 157,000 points

Karachi: The 100 Index in the Pakistan Stock Market reached a new high of 157,000 points for the first time on Tuesday.

The stock exchange witnessed a surge at the start of trading on the second day of the business week, with an increase of more than 1,000 points, and the 100 Index in the Pakistan Stock Market reached the level of 157,088 points.

The main sectors witnessed heavy buying including cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refineries, while Hubco, ARL, MARI, OGDC, POL, PPL, PSO, Meezan Bank, National Bank and UBL appeared in the positive zone.

It is pertinent to note that at the end of the previous business day, the 100 Index in the Pakistan Stock Exchange closed at a high of 156,087 points with an increase of 1,810 points.