KARACHI: The Pakistan Stock Exchange (PSX) witnessed a strong positive trend at the start of trading today, with the benchmark KSE-100 Index surging by 593 points to reach the level of 166,280 points.
On the previous day, the KSE-100 Index had closed at 165,686 points.
According to market analysts, the main driver behind this bullish momentum is the news of a staff-level agreement worth $1.2 billion between Pakistan and the International Monetary Fund (IMF).
Significant buying activity was observed in banking, cement, oil & gas, and energy sectors, while Asian stock markets also showed improvement, further supporting market sentiment.
On the currency front, the Pakistani rupee strengthened slightly against the US dollar in the interbank market. According to the Exchange Companies Association, the dollar’s value fell by 7 paisas, bringing the new interbank rate to Rs. 281.05.
