The Pakistan Stock Exchange (PSX) benchmark index KSE-100 achieved a new record on Thursday, reaching an all-time high of 81,909 points. The KSE-100 index gained 684 points, closing at 81,839 points. Market capitalization increased by Rs. 23 billion, with 454 million shares traded.
Out of the total, 241 companies experienced an increase in their shares, while 155 companies saw a decline.
Earlier on Monday, the KSE-100 crossed the 81,000 points level, setting a then all-time high. The index surged by 1,436 points, touching an intra-day high of 81,380 points. It closed at 81,155 points, up 1.52 percent or 1,211 points.
The bullish momentum at the KSE-100 was driven by the announcement of a staff-level agreement between the International Monetary Fund (IMF) staff and Pakistani authorities. This three-year, $7 billion aid package deal aims to cement macroeconomic stability and create conditions for stronger, more inclusive, and resilient growth, pending validation by the IMF’s Executive Board.
