KSE-100 Index sets a new high as privatisation prospects boost morale
KARACHI (MNP) – The Pakistan Stock Exchange touched a new high on Thursday during early intraday trading as the benchmark KSE-100 Index at one point crossed the 67,000 mark, after the government showed its seriousness on the privatisation of lossmaking state-owned enterprises (SOEs) – boosting the investors’ confidence.
It meant that foreign and local institutions opted for buying stocks in sectors like commercial banks, cement, chemical, oil and gas exploration and marketing companies.
The latest record came against Wednesday’s closing of 66,547.78. Previously, the KSE-100 Index had touched an all-time high of 66,426.78 on December 12.
