KSE index rises by 764.25 points as PSX goes bullish on IMF news
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The Pakistan Stock Exchange (PSX) observed an upward trend on Monday as the benchmark KSE-100 index gained 764.25 points, or 1.78 per cent, to reach an intraday high of 43,659.04 before closing at 43,621.82 points, reported 24NewsHD TV channel.
While commenting on the interest shown by the investors in purchasing shares, the economic experts linked the upward trend at the PSX to the positive developments over the weekend including the letter of intent (LOI) from the International Monetary Fund (IMF) and assurance of further support from Saudi Arabia.
They also stated that appreciation of Pakistani rupee against the US dollar had also affected trading at the PSX positively.
Reporter: Ashraf Khan