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KSE-100 Surges to All-Time High After Over 6 Years

The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 soared to an all-time high on Friday, surging past the previous record of 52,800 after 6.5 years.

After opening trade at 52,656.76 points, the benchmark KSE-100 index went up by 0.5 percent or 261 points at 9:40 AM to a new high of 52,917. Notably, the last time KSE-100 crossed 53,000 was 24 May 2017 but closed at 52,876. If today the index closes above 53k, it will be an all-time high closing for the benchmark index.

In real terms, however, the index is at about one-third of the value of its last peak in 2017.

At 10:40 AM, the benchmark index went up 408 points to 53,064 points after witnessing a 0.8 percent jump.

Source: Pro Pakistani