Karachi:In light of the staff level agreement reached between Pakistan and the International Monetary Fund (IMF), the indicators of the stock market unexpectedly surged to a record high of 81,000 points. The Pakistan Stock Exchange’s 100-index crossed the milestone of 81,000 points, marking a new peak at the start of trading. The 100-index recorded a gain of 1154 points, reaching 81,098.
The positive reaction of the Pakistan Stock Exchange to the IMF staff level agreement signifies renewed investor confidence in the economy. This development comes amidst efforts by the government over the past 5 months to secure further loans and attract foreign investments from other international organizations and countries.
Experts interpret the 100-index reaching 81,000 points as a clear indication of restored investor confidence in the economy and its growth prospects.
