Bulls dominated the negotiation floor in the Pakistan Stock Exchange (PSX) when the shares rose 1,000 points on Friday.
The KSE-100 reference index rose 1,096.00 points, or 0.97 percent, to stand at 114,302.40 from the previous closure of 113,206.40 to 4:12 pm.
Finally, the index closed to 114,255.72, more in 1049.32 or 0.93pc, since the last closure.
Yousuf M. Farooq, research director of Chase Securities, said: “The market has begun to recover after the correction of last month.”
He also noted that the sensitive price index year after year (SPI) had decreased to only 0.44pc, and the consumer price index (CPI) was expected to fall below 3 percent, which made the “rates of Interest of a single digit are a real possibility in 2025 “.
“The economy is on a recovery route, but a strong increase in imports or the excessive expenditure of the government remains the main risks for external account and the stock market,” he said, adding that “all eyes are now now in the next IMF review in March. “
Yesterday, the stock market had broken a losing streak of three sessions when Bulls led to aggressive value hunting in all areas, promoting the KSE 100 reference index above the level of 113,000.
The analysts had attributed the bullish impulse to the speculation in the income season before the main earnings ads this week, and added that the IMF proposals to relieve the problem of the circular debt of gas and the commitments of the Investor Delegation Americans supported the upward activity in PSX.