Prior to the IMF executive board meeting, which would determine and consult on the loan package for Pakistan, the KSE-100 Index exhibited notable upward movement, which gave the Pakistan Stock Exchange (PSX) a strong bullish trend to start the week.
During intraday trade, the index increased by 428 points, hitting a record high of 81,912 points.
The index began trading at 81,735 points, having climbed by 251 points at the opening bell, reflecting the optimistic mood in the market.
Investor confidence, spurred by enhanced market liquidity and optimism about the nation’s economic prospects, propelled the upsurge.
Analysts in the market credit the upward trend to both favorable international market circumstances and local investor interest, especially in important industries like cement, energy, and banking.
