KARACHI – Bulls continue to rule the trade floor as Pakistan Stock Exchange (PSX) breached 86000 points level in intraday trading on Wednesday.
The KSE-100 index benchmark has climbed 477.14 points to reach 86,141 milestone with experts anticipating further gains.
The growing optimism, in the market due to the impending arrival of international guests for the Shanghai Cooperation Organization (SCO) Summit to be hosted by Pakistan, also became another major factor behind the situation at PSX.
A temporary easing of political tensions, combined with the economic stability following the IMF’s first tranche on September 30, allowed the Pakistan Stock Market to maintain upward momentum during the first half of the week. However, shares began to fall after a brief period of gains.
More to follow…
