The Pakistan Stock Exchange experienced a significant upward trend in early trading today, with the benchmark KSE-100 index gaining 970 points, bringing the index back above the psychological threshold of 80,000 points.
According to the Pakistan Stock Exchange’s official data, the KSE-100 index surged by 970 points, marking a 1.22% increase and pushing the total to 80,461 points. This represents a strong recovery, as the index had closed at 79,491 during the previous trading session.
Earlier, on September 13, the index saw another positive movement after the central bank announced a 200 basis point reduction in interest rates. This, combined with the progress made in securing a $7 billion loan package from the International Monetary Fund (IMF), helped boost investor confidence. As a result, the KSE-100 index climbed by 894 points, or 1.13%, to reach 79,912 during the morning session. However, some of these gains were trimmed by the end of the day, with the index closing 315 points higher, at 79,333.
Ovais Ashraf, Director of Research at AKD Securities, commented on the market’s performance, noting that the easing of monetary policy by the central bank, coupled with the IMF loan approval, has injected new energy into the market. Investors are showing renewed optimism, anticipating further stability and growth in the country’s financial markets as the IMF program moves forward and monetary policy remains supportive.
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