New record-high at PSX as KSE-100 zooms past 114,000

Shares at the Pakistan Stock Exchange (PSX) continued their record-setting streak on Thursday as the KSE-100 index climbed more than 3,000 points to surpass the 114,000 mark. The benchmark KSE-100 index climbed 2,538.72 points, or 2.29 per cent, to stand at 113,348.93 points from the previous close of 110,810.21 points at 10:49am. Finally, the index closed at 114,180.50, up by 3,370.29 points or 3.04pc, from the previous close, marking the third largest single-day point-wise rally. Mohammed Sohail, chief executive of Topline Securities, noted in a post on LinkedIn that the stock market recorded a “stellar” 180pc return — climbing “from 40,000 to 112,000 in just 18 months”. “This marks the best comeback in Pakistan Stock Market’s 75-year history, tripling in value and showcasing unmatched resilience,” he wrote.