Share prices soar, about to smash 46,000 barrier at Pakistan Stock Exchange

The IMF loan deal approval sparked a new wave of buying at the Pakistan Stock Exchange where share prices have soared massively on Thursday, reported 24NewsHD TV channel.

The bulls dominated the morning session and by midday the KSE-100 index was swollen to 45,932, registering an increase of 412 points.

At the start of the business, the index skyrocketed to smashing the 46,000 which still needed a few more points.

The continuous bullish trend in the stock market was being viewed as a good omen for the national economy by the trade and business community.

Reporter Ashraf Khan