IMF deal impact: PSX reaches highest level in history, gains over 1,200 points
The first day of the business week saw a positive trend in the PSX and at one point the 100 index was seen at a high of 81,306
Karachi: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index gained over 1,200 points to close above 81,000 on Monday.
After the staff-level agreement with the International Monetary Fund (IMF), the Pakistan Stock Exchange (PSX) witnessed a tremendous boom.
Today, the first day of the business week saw a positive trend in the PSX and at one point the 100 index was seen at a high of 81,306 after a gain of 1,362 points.
It is pertinent to note that two days ago, a staff-level agreement was reached between Pakistan and the IMF, according to which the IMF will provide a loan of $7 billion to Pakistan over a period of 37 months. The final approval of the loan to Pakistan will be given by the Executive Board of the IMF.
Kim Jong-un offers full support to Russia in Ukraine war
- 3 گھنٹے قبل
High risk near rivers as Tarbela spillways open today
- 6 گھنٹے قبل
Rawalpindi to Multan bus meets accident; 5 in critical condition
- 7 گھنٹے قبل
PTI expels five lawmakers for defying party policy
- ایک گھنٹہ قبل
Karachi police bust betel nut smuggling hidden in cement sacks
- 2 گھنٹے قبل
Frontier Constabulary to become countrywide force under new ordinance
- 2 گھنٹے قبل
WhatsApp introduces new feature to show how many people are typing in group chats
- 4 گھنٹے قبل
Iran confirms assassination attempt on President Pezeshkian amid Israeli airstrikes
- 6 گھنٹے قبل
Wildlife force deployed as no-bird zones enforced near Lahore airport
- 6 گھنٹے قبل
Emergency vaccination reduced deaths by nearly 60% during epidemics, study finds
- 4 گھنٹے قبل
Indian drone strike kills 3 separatist leaders in Myanmar
- ایک گھنٹہ قبل
Sindh police give 10-day deadline to personnel to quit gutka, mawa use
- 5 گھنٹے قبل
