Bulls dominated the market on Thursday in the Pakistan Stock Exchange (PSX) as the shares increased by more than 600 points in intraayos trade.
The KSE-100 reference index increased by 638.5, or 0.54 percent, to close by 118,971.40 since the last closure of 118,338.90.
At 1:45 pm, the index stood at 1,298.02 points.
Samiullah Tariq, Chief of Research and Development of Pak Kuwait Investment Company Ltd, said the market had better budget expectations because the market worked well, and added that better corporate results instilled Esperanza.
The Government has delayed the presentation of the federal budget from June 2 due to non -conclusive discussions with the IMF on taxes and fiscal measures.
Informed sources said that the visiting mission of the IMF staff had multiple discussion rounds, including a session of conclusion with the Minister of Finance, Muhammad Aurengzeb.
More to follow
