Bullish trend in Pakistan stock market day before elections

Karachi: A bullish trend is seen in the stock market on Wednesday, a day before the elections.

On the third day of business week, the limit of 64 thousand points was restored in Pakistan Stock Exchange (PSE), KS100 index will increase by 251 points to reach 65051 points.

The investors are active on the expectation of approval of circular debt plan from International Monetary Fund (IMF). Buying trend is seen in shares of oil and gas refinery and banking sector.

Yesterday, the stock market closed at 63,799 points at the closing of business.

On the other hand, a decrease in the value of the dollar is being recorded by Rs0.17 in the interbank. The dollar is trading at Rs279.25 in the interbank.