KARACHI: Pakistan Stock Exchange (PSX) started the day on a positive note and set a new milestone by crossing the 55,000 level during intraday trading on Friday.
At around 10:10 am, the KSE-100 index hit 55,253.19 points, up 991.77 or 1.83% from its previous close of 54,261.42.
According to Arif Habib Ltd.
talking to jio.tvTahir Abbas, Head of Research, Arif Habib Limited (AHL) said that expectations of success in the first review of the International Monetary Fund (IMF) have motivated the market.
“Additionally, expected monetary easing as well as rising inflation and interest rates and attractive valuations despite the market being at all-time highs are boosting investor sentiment in the local stock market,” he said.
More to follow…