PSX on Monday saw a bullish trend, the biggest single-day gain, after Pakistan clinches the IMF deal!
The Pakistan Stock Exchange (PSX) experienced a remarkable surge as the KSE-100 benchmark index crossed 2,000 points on the first working day after the Eid holidays.
The index opened in the green zone and remained positive throughout the session before the trading was halted for an hour after the index hit its upper circuit limit of 5% at around 9:30 am.
The trading resumed at around 10:37 pm.
The KSE100 index displayed a significant upswing of 2,410 points to reach 43,880 points.
The market was up 2,269.23 points at 9:32 am from Friday’s close of 41,452.68 points before trading was halted for an hour.
The KSE100 index closed at 43,899 points, up 2,446.32 points from Friday’s close of 41,452.68.
Among the key stocks to advance, automakers rose 6-7.5 percent.
The confidence gained by the market is encouraging brokers to sell, causing a rise in activity following the Staff-Level Agreement with IMF.
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