KARACHI , June 26, 2023: The Pakistan Stock Exchange (PSX) surged by over 1,000 points during early trading on Monday – a surprising but pleasant development just a day after the National Assembly passed the budget for next fiscal year.
It seems the reports about positive developments related to the IMF agreement have boosted the investors’ confidence which propelled the benchmark KSE-100 Index to 41,082 against the previous closing of 40,065.32 on Friday.
By the time this report was filed at 11:05am, the KSE-100 Index was recorded at 41,003.82 with an increase of 938.50, or 2.34 per cent.
It’s a developing story. Details to follow.