Karachi: The Pakistan Stock Exchange (PSX) has soared to a new all-time high, with the KSE-100 Index increasing by 588 points to reach the level of 82,800 points.
This surge in the stock market can be attributed to several factors, including bullish trends in international stock markets, the approval of a new $7 billion loan program for Pakistan by the IMF Executive Board, and strong investments in sectors like banking, oil and gas, cement, and pharmaceuticals.
Positive sentiment has kept the market in the green throughout the trading period. Experts note that the approval of the IMF agreement is having a favorable impact on the stock exchange, and the endorsement of the $7 billion loan program has energized investors.
