
[FONT=&]On Thursday, KSE-100 continued their record breaking winning streak to six sessions, according to KSE officials.[/FONT]
[FONT=&]The KSE-100 gained 247 points (0.56 percent) to close at record 44,742 points. The overall increase in points during the six sessions has been 2,123 points.[/FONT]
[FONT=&]And now on Friday, with trading resuming after the prayer break, the PSX index currently stands at its highest ever level at 45,319 points, setting a new record in Pakistan.
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[FONT=&]According to the experts, on Thursday, the market capitalization of PSE cross Rs. 9 trillion, increasing the market worth to $84 billion.[/FONT]
[FONT=&]Experts stated that following the news of more investment coming to Pakistans auto sector and growing stability in general are all a contributing factors in the volumes spiked in Pakistan Stock Exchange.
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The index did not start off strong as it dipped into an intra-day low of 47 points. However, it recovered well towards the end of the day.[/FONT]
[FONT=&]Lucky Cement, Dewan Motors and Dewan Cement Ltd (DCL) all hit their upper circuits. The reason for Luckys inclusion is their announcement of expansion in the auto-industry and plans to acquire DCLs Hattar plant.[/FONT]
[FONT=&]In addition to the major index propellers, Habib Bank rose to 1.48pc, United Bank 2.07pc, Mari Petroleum 5pc and Dawood Hercules 3.81pc.
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Response from autos, banks, cements, multi-utilities and steel was largely mixed while performance of oil and gas, textiles, fertilisers, power and glass was below par, commented analysts at Intermarket Securities.
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100-index is currently floating at 45,319 points, according to PSX Index, till the filing of this report.
https://propakistani.pk/2016/12/09/...ge-crosses-45000-points-highest-ever-history/
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100-index is currently floating at 45,319 points, according to PSX Index, till the filing of this report.
https://propakistani.pk/2016/12/09/...ge-crosses-45000-points-highest-ever-history/
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