Pakistan Stock Exchange Hits Record High


 

 Pakistan Stock Exchange Hits New Milestone

The Pakistan Stock Exchange (PSX) has reached a new record as the KSE-100 index soared 900 points, surpassing 72,000 for the first time. This impressive jump reflects growing investor confidence and a positive outlook for the country's economy. The KSE-100 index's climb follows its earlier breakthrough of the 71,000 mark just a few days prior. This sustained growth hints at robust prospects for Pakistan's stock market.


Volatile Session Ends with Heavy Selling Pressure

A recent session in the Pakistan Stock Exchange witnessed considerable volatility, with the KSE-100 index experiencing sharp swings throughout the day. In the final 45 minutes, there was intense selling pressure as investors engaged in profit-taking. Despite opening on a high note, the index experienced fluctuations as the trading session progressed. This volatility underscores the unpredictability of the market, with investors taking advantage of price movements to secure their gains.


Pakistan Seeks Financial Support from IMF for Growth and Stability

Pakistan has formally requested financial assistance from the International Monetary Fund (IMF), seeking a new bailout package between $6 and $8 billion under the Extended Fund Facility (EFF). The request includes a component for climate financing, indicating Pakistan's efforts to secure funds to support economic growth and maintain stability. Additionally, the country is awaiting the release of $1.1 billion under a stand-by arrangement (SBA), providing essential financial support during a critical period. These efforts reflect Pakistan's proactive approach to ensuring its economic stability in the face of ongoing challenges.

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