In the early trading hours of Wednesday, the market broke beyond the 75,000 barrier, marking a new milestone for the Pakistan Stock Exchange (PSX).
During intraday trading at 10:11 a.m., the benchmark KSE-100 index surged to 75,115.32 then fell below the 74,000 barrier. The KSE-100 Index had closed at 74,531.19 points the day before.
Head of research at Pak-Kuwait Investment Company Samiullah Tariq told Geo.tv that the market responded favorably because of the anticipation surrounding the new International Monetary Fund (IMF) program.
Tariq went on to say that the market is also being driven by forecasts of a reduction in interest rates in the upcoming monetary policy as a result of falling inflation.
