PSX reaches a record high and surpasses the 99,000 level.

As the KSE-100 index surpassed the 99,000-point barrier on Friday, the Pakistan Stock Exchange (PSX) achieved a historic milestone and maintained its bullish trend.

According to information, the benchmark KSE-100 index surpassed its previous close of 97,328.39 points to achieve an all-time high of 99,085 points during intraday trading.

The stock market closed Thursday at 97,328.39 points, up 1,781.94 points, or 1.86 percent, on the KSE-100 index.

After trading 1.13 billion shares the day before, the PSX saw 969.9 million shares traded during the day.

Share prices were Rs 35.16 billion compared to Rs 37.48 billion on the previous trading day.

Topline Securities analysts stated that the KSE-100 hit an intraday high of 97,437 points, indicating a bullish trajectory for the Pakistan Stock Exchange.

The Army Chief’s interaction with the business community increased investor confidence. Additionally, they noted that the bullish trend was aided by active buying in the fertilizer sector, specifically in FFC and FFBL.

Up to 457 scrips were trading on the stock exchange, 249 of which saw gains and 167 of which saw losses. At the same time, the share prices of 41 businesses did not change.

With a climb of Rs80.17 to close at Rs882.84, Pakistan Services Limited continued to be the biggest gainer. Haleon Pakistan Limited followed with an increase of Rs 80.13 to close at Rs 882.45 at the PSX’s closing.