From The News International: 2024-04-26 16:22:13

Stocks at the Pakistan Stock Exchange hit an all-time high, closing near 73,000 points with a 1 percent gain. The KSE 100-share index increased by 771.35 points to 72,742.75 points, driven by contributions from sectors like fertilizer, commercial banks, power, and cement. Earnings outlook and reports of RDA reaching $7.66 billion contributed to the record close. Traded shares decreased to 541.144 million shares, market capital expanded to Rs10.017 trillion. Top gainers included Nestle Pakistan Limited and Sapphire Fibres Limited, while Unilever Pakistan Foods Limited and Philip Morris (Pakistan) Limited saw declines. Market continued its upward trend, anticipating the State Bank of Pakistan’s Monetary Policy Committee meeting on interest rates. Despite uncertainties, the market outlook remains positive due to resilience and potential opportunities for investors. The volume leader was Askari Bank with significant turnover in various stocks.



Read more at The News International: Stocks hit record close near 73,000 on late buying spree