(Web Desk) – The Pakistan Stock Exchange (PSX) continued gains as the benchmark KSE-100 index on Thursday morning rose above the 49,000 mark after six years.
The index gained 578.13 points from yesterday’s close of 48,764.55 points to 49,342.68 points at 11:40 am.
According to Arif Habib Corporation, the KSE-100 index last achieved the milestone on June 9, 2017.
It said that the stock market had gained 7,686 points, or 18.5 per cent, since Pakistan reached an agreement with the International Monetary Fund (IMF).
On Wednesday, the KSE-100 index hit a low of 48,178.89 during intra-day trading, but buying interest revived in late trading.
Index-heavy sectors such as oil and gas exploration, OMCs, chemical, and engineering led the rally.
A mixed trend was witnessed in commercial banks, automobile assemblers, and cement sectors.