As investors reacted favorably to optimism on the resolution of circular debt in the energy sector and Moody’s Ratings’ upgrade of Pakistani banks, the stock market surged on Thursday and ended the day with a significant gain.
Hopes for a positive outcome from the ongoing International Monetary Fund (IMF) review also helped to boost the market.
The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) closed at 115,094.23 points, up 1,009.70 points, or 0.89%, continuing its upward trend.
Investors showed increasing purchasing interest on encouraging economic developments, as the index reached an intraday high of 115,247.39 and its lowest level of the day, 114,429.93.
