PSX witnesses bullish trend, gains 129 points

PSX weekly review: Positive triggers put KSE-100 index into forward gear


KARACHI: Bulls ruled the Pakistan Stock Exchange (PSX) in a rally during the week, which pushed the KSE-100 index up by over 832 points, or 1.85%, to settle at 45,910 points as the International Monetary Fund (IMF) resumed Pakistan’s stalled 46 billion loan programme.

The positive momentum this week was largely driven by investor expectations that the IMF Executive Board will approve a $1 billion grant under the Extended Fund Facility (EFF).

The bullish momentum accelerated further as investors were optimistic about the coming healthy corporate results.

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