The Pakistan Stock Exchange (PSX) experienced a significant boost today, surpassing the 81,000-point milestone. This surge was largely driven by positive investor reactions to the recent staff-level agreement with the International Monetary Fund (IMF).
The KSE-100 Index, which is a key benchmark for the stock market, witnessed a remarkable single-day increase of 1,248.82 points, translating to a 1.56% rise.
Investors’ enthusiasm was further fueled by the recent budget announcement, which introduced no new taxes on the capital market. This move has been seen as a positive step for encouraging investment in the stock market, helping to sustain the bullish trend.
Despite facing various economic challenges, the PSX managed to achieve an all-time high. This impressive performance is also supported by the earlier $3-billion loan secured under the IMF’s Stand-By Arrangement (SBA). The loan has provided much-needed financial stability and confidence, contributing to the stock market’s upward trajectory.
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