KSE-100 crosses 175,000 level in early trade

There was no stopping the bulls at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index crossing the 175,000 level for the first time in history during the opening minutes of trading on the final session of the year on Wednesday. At 9:55am, the benchmark index was hovering at 175,074.18, an increase of 601.39 points or 0.34%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including HUBCO, MARI, POL, PPL, OGDC, PSO, HBL, MEBL and MCB, traded in the green.