As investors banked on a smooth approval of Pakistan’s loan program, stocks made a strong rally on Friday, driven by growing optimism ahead of the IMF Executive Board meeting.
After early trading ended without any new events that would have shaken investor confidence, investors seemed to recoup some of it.
The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) rose 3,648 points, or 3.52%, to close at 107,174.63.
The index showed strong bullish enthusiasm throughout the session, reaching an intraday high of 107,541.45 and a low of 102,420.82.
