Pakistan Stock Exchange (PSX) extended gains for the second straight day on Thursday, with the benchmark KSE-100 Index gaining 529.05 points (+1.26 percent) to close at 42,541.71 points.
The market opened on a slight positive note but indices switched between the red and green territories for the first hour trading.
The investors remained on the sidelines as the International Monetary Fund (IMF) has clearly subjected the release of tranche to the removal of energy subsidy.
However, later bulls controlled the market for the rest of the session as the former prime minister Imran Khan called off the long march while giving an ultimatum to the government to resign for early elections in the country.
The KSE-100 Index moved in a range of 702.97 points, showing an intraday high of 42,607.43 and a low of 41,904.46 points. Among other indices, the KSE All Share Index gained 270.11 points (+0.94 percent) to close at 29,026.85 points, while KMI All Share Islamic Index gained 284.85 points (+1.39 percent) to close at 20,814.94 points.TLTP
