Overview
- The benchmark index crossed both 173,000 and 174,000 in intraday trade on Monday, setting a new all-time high for the Pakistan Stock Exchange.
- Reports put the session peak near 174,411 points, with an intraday low around 173,200, reflecting a strong early surge.
- PSX data showed 797.999 million shares traded in the ready market with Rs 38.062 billion in value and market capitalization rising to Rs 19.465 trillion.
- Market breadth was mixed as 221 stocks advanced, 229 declined and 32 were unchanged out of 482 active listings.
- Deputy Prime Minister Ishaq Dar said discussions with the UAE are underway to convert $1 billion of deposits into equity, potentially involving Fauji group-linked stakes, with a target to conclude by March 31.