KARACHI: Positive negotiations with the International Monetary Fund (IMF) and the privatization of state-owned firms led to a roughly 600-point gain in the KSE-100 index, which helped the Pakistan Stock Exchange (PSX) see a bullish trend on Thursday.
The benchmark KSE-100 index moved up 594.34 points, or 0.89%, from the finish of the previous session of 66,547 points to conclude at 67,142.12 points. With 67,246.02 points as the highest index of the day, it was followed by 66,690.94 points as the lowest.
Brokerage business Arif Habib Limited stated in a post on X that the PSX reached an all-time high when it passed the intraday high of 67,094.
Experts claim that the upward trend is indicative of recent economic advancements including Islamabad’s productive negotiations with the IMF mission and the government’s privatization ambitions.
The recently created board of directors of Pakistan International Airlines (PIA) approved the airline’s privatization and restructuring plan earlier this week.
The upward trend, according to economic researcher Muhammad Sohail, is a result of the newly elected government’s quick privatization efforts, which is good news for investors.
