Positive start of business in PSX, index crosses 80,000

Karachi: The Pakistan Stock Exchange has seen a bullish trend at the start of business on Friday.

100 Index gained 999 points to reach 80,016 at the beginning of the trading day on Friday.

According to economists, the reduction in interest rates and progress in dealings with the International Monetary Fund (IMF) have positively impacted the stock business.

It is pertinent to note that State Bank of Pakistan (SBP) reduced the total policy rate by two percent to 17.5 percent, which was earlier 19.5 percent.

On the other hand, it was also reported yesterday that the IMF board meeting will be held on September 25, in which the special loan program for Pakistan is likely to be approved.