The Pakistan Stock Exchange (PSX) continued with its record-breaking run as the benchmark KSE-100 index on Thursday crossed 119,273 levels for the first time amid the benefit of more than 1,299 points during the initial hours of trading.
At 10:35 am, the benchmark index hovering at 119,196.35, an increase of 1,222.33 points or 1.04%.
Shopping was observed in major areas including oil and gas exploration companies, OMC, power generation and refinery. Index-Havi Stock, a green trading index-havi stock, including Hubicco, SNGPL, SSGC, Mari, OGDC, Pol and PPL.
This development comes behind positive news flows about the circular loan of the energy sector and the solution of the market expectation of an employee level (SLA) with the International Monetary Fund (IMF).
On Wednesday, the benchmark KSE -100 index scored around 1,000 marks to settle at the new all -time high of 117,974.02.
Internationally, Asia’s shares were affected by weakness in the Chinese markets on Thursday and struggled to build on the Wall Street rally, even the investor Bhavna was removed from the possibility that the Federal Reserve could still deduct two rates this year.
Fed on Wednesday abandoned unchanged rates in a widely expected decision, but by the end of the year maintained its projection to cut two-quarter-point rate.
Policy makers modified their inflation forecast for the year and marked their approach to economic development, citing the risks of tariff policies by US President Donald Trump.
Nevertheless, investors rested Fed’s “Dot Plot” from the policy rate hopes and the comments of Chairman Geom Powell that tariff-powered inflation would be “fleeting” and will be limited to a large extent this year, in return, American treasury yields and dollars fell while sending stock.
Australian shares increased by 1%, while US futures extended their rally even after the cash session ended at a high level.
NASDAQ futures increased 0.4% and S&P 500 futures upgraded 0.3%. Eurostoxx 50 futures similarly 0.1%added.
Trading with Japan markets was diluted, which was closed for the holiday, although Nikkei futures increased by 0.2%.
