PSX reaches record high of 52500 points on inclusion of stock market in MSCI

News Image

MG News | May 15, 2017 at 11:18 AM GMT+05:00

0:00

Pakistan Stock Market recorded appreciable gains and reached new record high of 52500 as buying local financial institutions and mutual funds emerged in the blue chips and selected items.

PSX 100 index since the word go landed in the green territory and index during the session registered an upsurge of more than 700 points, reaching to record high of 52531 poiints.
Index propelled on the back of the positive development that MSCI would soon officially include Pakistan Stock Market into their index after pause of almost nine years. In 2008 when the stock market suffered crisis, MSCI pulled out the local domestic market from the index.

The announcement would arrive at Pakistani standard time around 2 am.

Another positive development which cemented the sentiment of investors were the recent trip of Pakistan Prime Minister Nawaz Sharif to China, where a summit under the theme “one belt one road” has been conducted which assured hefty investment in Pakistan. The growth prospects have been higher and all the international financial institutions pinned hope that the country would prosper under CPEC.

Related News

Name Price/Vol %Chg/NChg
KSE100 158,456.43
479.34M
0.32%
502.96
ALLSHR 97,091.97
1,067.38M
0.36%
350.75
KSE30 48,376.85
167.93M
0.37%
177.91
KMI30 234,247.38
128.31M
0.67%
1553.22
KMIALLSHR 65,323.82
598.96M
0.46%
296.69
BKTi 42,489.60
99.35M
0.00%
0.04
OGTi 31,792.59
6.96M
0.04%
13.23
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,050.00 117,795.00
116,905.00
-720.00
-0.61%
BRENT CRUDE 67.29 67.57
67.11
-0.15
-0.22%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 94.00 94.50
94.00
0.45
0.48%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.04 63.35
62.85
-0.22
-0.35%
SUGAR #11 WORLD 16.13 16.27
15.89
-0.14
-0.86%

Chart of the Day


Latest News
September 19, 2025 at 11:14 AM GMT+05:00

Ittehad Chemicals reports 7% decline in profit for FY2025


September 19, 2025 at 11:06 AM GMT+05:00

Oil slips on weak fuel demand despite fed’s first rate cut


September 19, 2025 at 10:20 AM GMT+05:00

SCRA balance rises Rs92.5m


September 19, 2025 at 10:10 AM GMT+05:00

ECC approves financing $390m rail deal for Reko Diq project



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg