In preparation for the upcoming general elections on February 8, the Pakistan Stock Exchange (PSX) 100-Index experienced a significant surge, climbing by 251 points to reach the milestone of 65,051 points on Wednesday.
After the gain of 251 points, the PSX 100 index rebounded to 64,000 points. Presently, discussions are underway between the caretaker government and the International Monetary Fund (IMF) to tackle the circular debt issue.
Market experts believe that investors are actively participating in the stock market, anticipating the approval of the circular debt resolution plan by the IMF.
There is a notable interest among investors in purchasing shares in the oil and gas refinery sectors, as well as the banking sectors. Analysts predict a positive performance in the market following the general elections, unless any unforeseen events occur.
