Tuesday, after the International Monetary Fund mission visited the country to deliver the rescue package, the benchmark index of the Pakistan Stock Exchange broke all prior records by surpassing the 95,000-point mark.
The PSX website reports that the KSE-100 Index closed at an all-time high of 95,856.67 points, up 861.00 points, or 0.91 percent, from 94,995.67 points on the previous trading day.
“The KSE-100 index showed remarkable bullish momentum, reaching a record high of 96,036,” a statement from Topline Securities stated.
Expectations that the Consumer Price Index will decrease between 4.5% and 5.0% YoY helped the market start the day on a high note. It is noteworthy that for the first time in 78 months.
