The Pakistan Stock Exchange (PSX) market has hit a new milestone, with the benchmark KSE-100 index continuing its upward trajectory on the last business day of the week, breaking past the 65,000 points threshold on Friday.
For three consecutive weeks, the KSE-100 index has been on a bullish run, with market analysts attributing this positive momentum to the successful conclusion of a staff-level agreement with the International Monetary Fund (IMF). As a result, the index has seen an increase of 913 points, trading at 65,631 points as of 10:50 AM on Friday.
In an unprecedented move in Pakistan’s financial history, the government is set to auction bonds on the PSX market.
The initiative, scheduled to be inaugurated by caretaker Prime Minister Anwarul Haq Kakar during his brief visit to Karachi, will expand bond trading from banks to brokers within the stock market. Sources close to the matter anticipate a profit margin of 20 to 22 per cent on bond trading and a project that the government will garner approximately Rs 30 billion in revenue through the listing of bonds in stock market auctions.
 achieves a new high as the KSE-100 index crosses the 65,000-point mark, buoyed by a successful IMF deal. Meanwhile, the government plans a historic first by auctioning bonds directly on the PSX.){kind=link}