Summary The benchmark KSE-100 Index climbed above 185,000 points after gaining more than 1200 points at the start of trading
KARACHI (Dunya News) - The Pakistan Stock Exchange (PSX) reached a recent high point as the benchmark KSE-100 Index crossed the 185,000-point mark amid a strong bullish trend.
On the fourth trading day of the week, the market opened with strong buying momentum. The KSE-100 Index gained more than 1220 points, rising to 185,714 points.
In the previous trading session, the benchmark index closed at 184,050 points after posting a significant gain of 3,748 points.
Meanwhile, Asian shares extended declines on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.2%, while Japan’s Nikkei dropped 1.4%. Hong Kong's Hang Seng index bucked the trend, with a gain of 0.9%.
South Korea’s KOSPI sank 4.8%, extending Wednesday's slide of 2%, after an eye-watering second-quarter surge of 68% on soaring AI-related demand for memory chips. SK Hynix plunged 8.5% and Samsung tumbled 7.2%.
