KSE-100 after 24-month hiatus surpasses 48,000-mark
KSE-100 after 24-month hiatus surpassed the 48,000 mark on Monday, July 31.
Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index jumped past the 48,000 mark as analysts expect the positive sentiment to continue in the coming days.
A bullish trend took over the market after Pakistan’s deal with the International Monetary Fund (IMF), and later, news on the country’s mineral sector strengthened the gains further.
During the intra-day trade, the benchmark index increased by 1,010.72 points or 2.15% to reach 48,062.56 points, data showed, up from the previous close of 47,076.9 points.
Since Pakistan’s staff-level agreement with the IMF for a $3 billion Standby Agreement, the market has gained more than 6,600 points (+15.9%).
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