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KSE-100 index crosses 46,000-point mark as bulls continue domination

The optimism about the revival of IMF loan programme proved to be a positive sign for market

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KSE-100 index crosses 46,000-point mark as bulls continue domination
GNN Media: Representational Photo

Karachi: Bulls continued dominating the Pakistan Stock Exchange (PSX) on fourth conseucutive day on Wednesday as KSE-100 index crossed 46,000 points.  

Market participants were optimistic about the revival of International Monetary Fund (IMF) loan programme.

It extended the bull run for the fourth consecutive session and tossed the index above 46,000 points.

Bulls were seen dominating the market throughout the day, as the IMF board is set to review Pakistan's case today after the country fulfilled all prior conditions set by the Fund.

Moreover, encouraging financial results in the corporate sector added fuel to the uptrend.

The KSE-100 index gained 444.65 points, or 0.97%, to settle at 46,119.15 points at the end.

 

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