Bulls took control of the Pakistan Stock Exchange (PSX) on Thursday when the shares obtained more than 1,400 points, which led to calm to the greatest volatility of yesterday.
The positive impulse occurs only one day after Pakistan received the second section of the International Monetary Fund (IMF), with a value of $ 1 billion, under its loan program.
The KSE-100 index opened with a gain of 858.23 points (0.73 percent) to stand at 119,394.75 points from the previous closure of 118,536.52 at 9:40 am.
The Maximum Intradía was recorded 119,990.30 points at 3:18 pm, 1,453.78 points (1.23pc) higher than yesterday.
Finally, the KSE-100 closed to 119,961,91 points, with a gain of 1,425.39 points (1.20PC) compared to the previous closure.
Samiullah Tariq, Chief of Research and Development of Pak Kuwait Investment Company Ltd, said the market was positive due to the recent IMF tickets.
He also noted that there were “additional ticket expectations on the back of the approval of the IMF Board”, which on May 9 exceeded the $ 1 billion section, but also allowed an additional agreement for climate funds of $ 1.4 billion under the resilience and sustainability center (RSF).
Today’s bullish impulse occurs when the market continues to recover from agitation brought by the intense military row between Pakistan and India last week, after the two agreed to a high fire.
The actions in the subsequent session had won a 9 percent record.
Tariq also mentioned the lowest yields at the Treasury Invoices auctions and the expectations of resolving circular debt in the gas and energy sectors.
Last month, the Ministry of Energy had informed the National Assembly that the circular debt had decreased in RS9BN during the first six months of the current fiscal year.
