In Karachi, the Pakistan Stock Exchange experienced a notable increase of 441 points, pushing the index to a record high of 54,000 points, with the 100 index reaching 54,301 points.
This surge can be attributed to several factors, including significant investments from Saudi Arabia and China in Pakistan’s refinery sector, positive remarks from the International Monetary Fund (IMF) regarding Pakistan’s economic performance, and constructive technical discussions aimed at securing the next installment of loans. As a result, the Pakistan Stock Exchange has shown strong momentum, leading to a fresh all-time high for the 1000 Index.
Up to this point, trading activity has been focused on shares from 325 companies. Among these, 158 saw an increase in their share prices, 146 experienced a decline, and 21 remained stable.
