Following positive remarks made by the International Monetary Fund (IMF) team during its just-completed visit, the Pakistan Stock Exchange (PSX) continued to see bulls’ rise.
The benchmark KSE-100 index gained 813.04 points on Tuesday and was currently trading at 95,808.71 points.
Increased purchasing was observed in a number of industries, including power generation, cement, commercial banks, oil and gas exploration firms, OMCs, and pharmaceuticals.
HUBCO, PSO, SBGPL, MARI, OGDC, PPL, MEBL, and MCB were among the index-heavy stocks that saw a financial bonanza.
A number of variables are thought to be responsible for the market’s ongoing bullish momentum, chief among them being Finance Minister Muhammad Aurangzeb’s refutation of press reports about the potential for a mini-budget.
Investor confidence was also bolstered by an increase in Pakistan’s foreign exchange reserves.
The benchmark KSE-100 index finished Monday at 94,995 points, so keep that in mind.
