Business

Share market crosses over record 60,000 mark

By Faiz Paracha

After crossing the psychological mark of 58,000 points on Wednesday, the share market crossed 59,000 points mark on Friday.

Today, the share market achieved yet another milestone, piercing through the 60,000 points as well.

The benchmark KSE-100 index opened at 59,811.34 points on Tuesday, and quickly amassed 862.10 points to hover around 60,673.44 points around noon.

By 2:30 p.m. the index had climbed 883.36 points to trade at 60,694.70 points.

Yesterday, the Karachi Stock Exchange market summary showed a hopeful picture as well despite showing difficulty in holding pace early in the morning.

Today continued with the positive upward trend and achieved the all-time high position above 60,600 points.

Trading volume was heartening as well, with over 128 million shares worth over Rs7 billion trading hands before noon. By the afternoon, this traded value had more than doubled.

Faiz Paracha

Faiz Paracha, an esteemed broadcast journalist with over two decades of experience, excels in reporting and editorial positions. His expertise lies in the economy and energy sectors, where he has delivered thorough coverage and valuable insights.

Currently serving as the Head of Reporting at News Diplomacy, Faiz manages coverage related to diplomatic missions, international development organizations, the United Nations, and foreign affairs. His diverse interests encompass environmental and climatic issues, alongside his profound knowledge of business, economy, and energy.

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