Karachi: The Pakistan Stock Exchange (PSX) started the day on a positive note as it set a new milestone by crossing 55,000 barriers during intra-day trading on Friday What.
The KSE-100 index rose 991.77 or 1.83 percent to 55,253.19 points from a previous shutdown of 54,261.42 around 10:10 p.m.
KSE-100 Index. — PSX
KSE-100 Index. — PSX
According to Arif Habib Ltd. on X, which was previously Twitter, the KSE-100 index reached its highest level ever by crossing 55,000 levels of trading.
Speaking to Geo.tv، Tahir Abbas, head of research at Arif Habib Limited (AHL), said expectations from the first review of the International Monetary Fund (IMF) have pushed the market forward.
“Furthermore, the expected financial easing as well as rising inflation and interest rates، And despite the ever-increasing market, attractive prices are fueling investor sentiment in the local market, he added.
Raza Jaffari, head of equity at Intermarket Securities, said KSE-100 would continue to raise new heights in reducing strong domestic institutional purchases and Pakistan Investment Bond (PIB) yields Has happened.
He also described the overweight and more profitable stock for Pakistan in an upcoming review by MSCI, a global index provider.
“He added that the ongoing review of the IMF is the next major outpost.
