Loan deal with IMF: Bullish trend in PSX

Karachi: The positive effects of the approval of a $7 billion loan for Pakistan from the International Monetary Fund (IMF) started appearing in the Pakistan Stock Exchange (PSX) on Thursday.

At the opening of business on the fourth day of the week, the stock exchange increased by 472 points with the Pakistan Stock Market 100 Index trading at the level of 82,720 points.

It is pertinent to note that on the third day of the business week, the business in the PSX ended in a positive zone due to which the 100 Index closed at the level of 82,247 points with an increase of 764 points.

Notably, the International Monetary Fund (IMF) has approved a bailout package of $7 billion for Pakistan.