KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday hit a new high, surpassing the 54,000 level on hopes of a positive outcome from the ongoing talks with the International Monetary Fund (IMF).
The KSE-100 index continued its rise for the third consecutive day and reached 54,278.05 points with a gain of 417.69 or 0.78% during intraday trading.
The rise was also driven by the announcement of general elections as investors expected much-needed political stability in the country.
A day earlier, the PSX closed at 53,860.37, up 737.33 points or 1.39%.
More to follow…