The Pakistan Stock Exchange breached through the 57,000 ceiling in yet another first on Thursday, as the staff-level agreement reached with the International Monetary Fund on the first review of the $3 billion stand-by arrangement boosted the investors’ confidence.
At one point, the benchmark KSE-100 Index had touched 57,549.26 but settled at 57,397.02 the session was closed, translating into a 1.26 per cent net gain, against the Wednesday’s level of 56,680.06.
Meanwhile, the PKR gained 76 paisa or 0.26pc against the dollar in the interbank market after the recording consecutive losses in 17 sessions. The State Bank of Pakistan said the rupee closed at Rs287.38.
The KSE-100 Index saw a total volume of over 359 million [359,247,167] shares, as Worldcall led the pack with over 385 million shares.
It means the benchmark index has surged by 40.62pc this year. However, the upward movement is even more visible since Aug 31 when the KSE-100 Index was at 45,002.42.
