The Pakistan Stock Exchange (PSX) saw a bullish trend following the announcement of a National Assembly session for the oath-taking of newly elected lawmakers and the formation of a six-party unity coalition government, which will lead to the review and negotiations for Pakistan’s final tranche of IMF loans.
The PSX-100 index rose 363 points to 63583.
The Pakistan Stock Exchange (PSX) faced selling pressure on Tuesday, as trading began on a positive note, building on the previous day’s gains.
The market then fell sharply, but recovered quickly, with the KSE-100 index reaching an intra-day high of 63,622 points around lunchtime.
The index hit an intra-day low of 63,055.64 points in the afternoon and was unable to regain momentum in the absence of major positive triggers.
