Stock Market got off to a great start on Monday as the benchmark KSE-100 index surged by more than 2,000 points, owing to the recent deals made with the International Monetary Fund (IMF).
Compared to Friday’s closing value of 41,452.68 points, the stock market experienced a rise of 2,269.23 points on Monday at 9:32 am. The KSE-100 index then settled its climax producing an hour-long trading halt and reached 43,867 by 11:30 am soaring by 2,414 points.
If the market keeps its current momentum, it can experience the largest single-day percentage gain since March 2009. Topline Securities stated in a tweet that today’s gain in KSE-100 standard index is expected to be the highest in the history of the Pakistan Stock Exchange.
