Stocks scale new peak above 92,500

After suffering losses overnight due to nervous selling by a section of investors fearing US policy shift after Don­ald Tru­mp’s win, the stock market resumed its record-setting spree on Thursday, propelling the KSE 100 index to an all-time high closing above 92,500. The overnight downtrend on the local bourse was in sheer contrast to the global bull run as Wall Street, the US dollar, and Bitcoin hit record highs. However, oil and gold futures witnessed some pruning amid rising hopes of peace in the Middle East after the US elections. The benchmark KSE-100 index posted a gain of 673.10 to 92,694.54 and a loss of 164.25 to 91,891.47 intraday. However, it clo­sed the session at the highest-ever level of 92,520.49 after gaining 499.05 points or 0.54pc day-on-day.