Stocks shoot past record 53,000 level

KARACHI: The benchmark of major shares hit an all-time high on Friday as stock prices rose owing to declining yields on treasury bonds. The KSE-100 index closed at 53,123.04 points after gaining 466.28 points or 0.89 per cent from the preceding session. Topline Securities Ltd attributed the upswing in the KSE-100 index to a drop of 25-41 basis points in the yields on treasury bills … Continue reading Stocks shoot past record 53,000 level