KARACHI: The Pakistan Stock Exchange (PSX) surpassed the 81,000-point barrier on the back of aggressive buying by both local and foreign investors coupled with institutional support.
The PSX’s benchmark KSE-100 index rose by 483.98 points or 0.6% to jump to 81,050.18 points during the intraday trade at 11:40am, up from the previous session’s close of 80,566.20 points.
A day earlier, stocks recorded an increase amid hopes for the International Monetary Fund (IMF) bailout package despite a two-hour-long disruption in the session due to a fire incident.
The PSX increased by 353.41 points or 0.44% to 80,566.21 points.
A fire incident took place in the old building housing the brokerage houses in the morning, and the market session was suspended for a couple of hours.
More to follow…
