Karachi: The Pakistan Stock Exchange (PSX) in Karachi showed tremendous momentum after the staff-level agreement of the IMF on Tuesday. Due to the growing confidence and positive expectations of the investors, the 100 index closed at 117,772 points with a significant improvement of 1,139 points during the trading day.
The market showed a positive trend from the beginning, and the 100 index also reached the highest level of 118 thousand 220 points during the day. The index remained in the band of 1042 points in the trading day, which is clear evidence of the strong interest of investors in the market.
There was a huge purchase of shares by investors, as a result of which a total of 35 crore shares were settled for 37 billion rupees. After this significant improvement, the market capitalization increased by Rs 146 billion, and the total capitalization reached Rs 14,364 billion.
At the end of trading yesterday, the 100 index had closed at 116,633 points, but today’s positive trend has created new possibilities in the market. Experts say that the confidence of investors has increased after the IMF deal, which can have a more positive effect on the market in the coming days.
