KARACHI – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) maintained its upward momentum on Friday to cross the 66,000 milestone in yet another all-time high.
The extensive bullish was witnessed in trading due to improvement in national economy ahead of the release of second loan tranche from International Monetary Fund (IMF).
The benchmark index closed at 66,034.38 points after registering gains of 1,316.31 points.
Reports said the IMF’s Executive Board will take up the first review of Pakistan on January 11, 2024 for approval to release $700 million under the standby arrangement (SBA).
Last month, Pakistan and IMF reached a staff-level agreement under the $3 billion SBA.
Earlier, it had emerged that the Executive Board had released the schedule till December 12 but the case of Pakistan was not included in the agenda.
