KARACHI: The Karachi Stock Exchange  achieved two new milestones on Wednesday as it hit a new all-time high of 15,747.64 points and ended at its highest-ever level of 15,712.21 points, buoyed by expectations of a cut in the State Bank’s key policy rate due to be announced on Friday.

The previous record high was 15,737.32 and it’s highest ever closing was 15,676.34, both achieved in April 2008.

The KSE 100-share index ended 0.41 per cent, or 63.02 points, to a new record closing high of 15,712.21 points. Turnover however decreased to 107.65 million shares, compared with 140.79 traded on Tuesday.