On Wednesday, the Pakistan Stock Exchange (PSX) saw a remarkable increase, reaching an all-time high. This surge came as officials made progress in finalizing a new agreement with the International Monetary Fund (IMF) and moving forward with the privatization of Pakistan International Airlines (PIA).
The main KSE-100 index, which tracks the performance of the top 100 companies listed on the PSX, started the trading day at 65,906 points. As trading progressed, it continued to climb, eventually reaching a peak of 66,607 points by 1:25 PM, marking a significant increase of 1.06 percent or 701 points.
As the trading session concluded, the benchmark index settled at an impressive 66,547 points, surpassing its previous record high of 66,427 points. This surge in the stock market reflects investor confidence and optimism regarding the country’s economic outlook, fueled by positive developments in the negotiations with the IMF and efforts to privatize PIA.
