PSX surges over 800 points as Pakistan completes last pre-condition for IMF programme
Appreciation of rupee against dollar was also a contributing factor
Published 3 years ago on Aug 3rd 2022, 8:13 pm
By Web Desk
Karachi: The Pakistan Stock Exchange (PSX) witnessed a positive intraday trade on Wednesday as its benchmark KSE-100 index soared over 850 points to close marginally over 41,000.
The bulls prevailed in the stocks after Islamabad completed the last pre-condition to revive the International Monetary Fund's (IMF) loan programme.
Encouraging financial results, rupee appreciation against the US dollar and an expected decline in oil import bills added fuel to the bullish trend as investors assumed fresh positions.
At close, the benchmark KSE-100 index closed at 41,068.87 points with an increase of 877.26 points or 2.18%.
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