The Pakistan Stock Exchange (PSX) continued its bullish run on Friday as the KSE-100 reached another record high. With an increase of over 500 points in the 100 index, it has surpassed the 65,000-point mark. According to the PSX website, at the beginning of intraday trading, the KSE-100 index gained 503.16 points, reflecting a 0.78% increase compared to the closing.
A day earlier, investors propelled the benchmark to 64,718.07 after a rise of over 800 points. However, the current index stands at 65,287.66.
On the other hand, the caretaker Prime Minister Anwaar-ul-Haq has reiterated the government’s dedication to fostering a business-friendly environment for economic growth. Addressing an awards distribution ceremony in Karachi on Thursday, he stated that the government is also taking concrete measures to promote investment in the country. The Prime Minister highlighted that crossing the 60,000-point barrier at the Pakistan Stock Exchange is a historic success.
It should be noted that the rising trend in the PSX started after Pakistan and the International Monetary Fund (IMF) reached a Staff Level Agreement (SLA) with the country. Under this agreement, the loan lenders will deposit around $700 million in Pakistan’s account from the program of almost $1.9 billion
