On Thursday, the Pakistan Stock Exchange (PSX) experienced a remarkable surge, with the index climbing by more than 550 points and surpassing the 49,000 level. This bullish trend continued, and the benchmark KSE-100 Index crossed the 49,000 level in the early hours of the trading session.
Before noon, the benchmark index reached 49,321, showing a significant surge of 557.42 points, equivalent to 1.14 percent.
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During this time, there were substantial sales in shares of cement, pharmaceuticals, chemical, commercial banks, and oil marketing companies, while automobile assemblers and other firms saw moderate activity.
The spike in PSX was influenced by the Stand-By Arrangement (SBA) provided by the International Monetary Fund (IMF), as the country sought funds from friendly nations.
Thanks to this positive development, shares trading hit a six-year high, experiencing an impressive surge.
