The KSE-100 index crossed the 80,000-point threshold on Friday as a result of the Pakistan Stock Exchange’s (PSX) notable opening jump of 999 points, which was achieved in response to recent economic developments.
At the onset of trading on Friday, the index hit 80,016 points. The market’s optimism has been fueled by the expected finalization of an agreement with the International Monetary Fund (IMF), which is largely responsible for the optimistic trend.
A 2% drop in interest rates and a decline in the price of oil globally were also mentioned by analysts as contributing to the upward trend in the stock market.
The stock market closed the previous day’s trading at 79,017 points.
