The Pakistan Stock Exchange (PSX) experienced a significant boost on Friday, surpassing 80,000 points for the first time during the day.
By 09:50 AM, the KSE-100 index had climbed to a record 80,001 points, a rise of 1,200 points from its last close.
This increase follows the government’s efforts to finalize an IMF deal post-budget. The upcoming fiscal budget is expected to establish rigorous goals for a new IMF agreement.
The day before, the KSE-100 index advanced 2.66 percent, achieving 78,801 points—an increase of 2,094.76 points.
Of 447 companies trading, 256 advanced, 133 declined, and 58 stayed the same.
Investor optimism regarding the 2024-25 budget and IMF talks fueled the ongoing positive trend on Friday.
Experts believe the PSX might break the 100,000-point barrier next year if the current trend holds.
