As the IMF program advances and the UAE pledges investment, the PSX reaches a new high.

The Pakistan Stock Exchange (PSX) indicated a notable rising trend in the market on Friday as it crossed the 76,000-point benchmark for the first time.

It has been reported that trade increased sharply on the last day of the work week, the fifth, with the stock market rising 956 points to an all-time high of 76,070 points.

This remarkable reversal is attributed to a number of favorable economic developments, chief among them being progress made in Pakistan’s loan arrangement with the International Monetary Fund (IMF), which has encouraged trust in investors.

Significant strides have been made, according to the IMF, in getting an agreement at the staff level for an extended financial facility (EFF).

The PSX gained 556.5 points to stand at 75,670.97 points at 9:41 am from the previous closing shortly after the IMF delivered its statement.