KARACHI: Pakistan Stock Exchange (PSX) breaks its record as Karachi Stock Exchange (KSE) 100 index ended at a new record of 50,000 level in intraday trading. The index gained over 1% with 173 points. There was a gradual increase throughout the day as the index touched 50,049 points at 9:34 am. However, due to selling pressure the index succumbed and lost 429 points. Cement sector and oil purchase led to the index gains. According to sources, the market experts stated that if KSE 100 ends up closing above 50,000 points there will be a lift in the equity makers. Stocks were tremendously increasing on Monday as well. Previously the index records gained 511 points touching an end of 49,876 which equals to 1.04 percent. The index was nearing 50,000 levels while the foreign selling continued non-stop. Local investors also managed to grab positions in almost all sectors. The trading volume has advanced from 460 million shares on Friday to 600 million shares. This has led to an increase value from Rs 22.9 billion to 24.5 billion. A Chinese organization had acquired 40 percent stake in the PSX. Nearly 17 entities had shown their interest in PSX as the benchmark stock index was considered to be the best index all over the world in 2016. China Financial Futures Exchange Company Limited, the Shanghai Stock Exchange, the Shenzhen Stock Exchange and two local financial institutions – Pak-China Investment Company Limited and Habib Bank Limited are reported as the three Chinese exchanges that the Chinese Organization includes. Lastly, the officials have informed that the company plans to offer 20 percent of the share to the public.