PSX hits record high, 100 Index surges past 85,000 points

KARACHI: The Pakistan Stock Exchange (PSX) saw a notable surge at the start of trading, with the 100 Index crossing the all-time high of 85,423 points after a 513-point jump.

Currently, the 100 Index is trading at 85,034 points, reflecting a rise of 124 points.

On the previous day, the index hit a record high of 85,047 during trading and closed at 84,910, marking a 1,378-point gain.

Economic analysts attribute the market’s positive trend to Pakistan receiving the first installment of the IMF agreement and securing commitments for $3.2 billion in foreign loans for the next year. Additionally, the Saudi oil facility has contributed to the optimistic market sentiment.

The overall outlook remains positive as investors respond to these favorable economic developments.

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