The benchmark KSE-100 index hit 80,000 for the first time ever on Wednesday, continuing the winning run for the Pakistan Stock Exchange (PSX).
Through the end of the trading session, the benchmark index maintained its positive outlook, closing at 80,233.67, up 680.79 points, or 0.86%.
Purchasing was noted in a number of important industries, including refineries, cement, chemicals, commercial banks, and businesses involved in the marketing and exploration of oil and gas.
Key index-heavy stocks saw positive trading, including HBL, MCB, NBP, OGDC, PPL, PSO, SHEL, SNGPL, SSGC, and PRL.
Since the FY25 budget was unveiled on June 12, the KSE-100 index has increased by more than 10%, driven by hopes for the anticipated IMF bailout package to help the beleaguered South Asian nation’s economy.
The government declared that a comprehensive reform strategy would be presented to the country following the conclusion of negotiations with the IMF later this month or early next year. The agenda seeks to raise investment and exports while raising the tax to GDP ratio to 14%.
