PSX reaches all-time high above 86,500 points on positive SCO vibes
Traders react to a news story on the floor of the Pakistan Stock Exchange. —Reuters/File Stocks hit a new all-time high above 86,500 on Wednesday as earnings season reignited investor interest in high-cap stocks, with positive sentiment stemming from the Shanghai Cooperation Organization (SCO) summit and optimism for political stability. The benchmark Pakistan Stock Exchange (PSX) KSE-100 gained 673 points to 86,513 in intraday trade at 10:41 am, from yesterday’s close of 85,840. The two-day meeting of the Council of Heads of Government (CHG) of the SCO began in Islamabad on Tuesday amid hopes of possible positive developments before it
