On Monday, during intraday trading, the Pakistan Stock Exchange (PSX) broke above the 73,000 barrier, marking a new milestone and a promising start to the week.
The benchmark KSE-100 index surged to 73,146.12 points during intraday trade, 403.38 points or 0.55% higher than the previous close of 72,742.75 points.
Additionally, he noted, the market is being driven by favorable news flow on upcoming negotiations with the International Monetary Fund (IMF) for a new program.
Due to late-session purchasing that fueled a 1% increase, the equities finished close to 73,000 points on Friday of last week, according to the dealers.
The benchmark KSE-100 index closed at 72,742.75 points on Friday, up 771.35 points or 1.07%.
Despite the turbulent session, according to Chase Securities analyst Muhammad Rizwan, “the market rebounded with a strong start and achieved a new all-time high”.
