PSX records huge rally, 100 Index closes at 119,961 points

Pakistan Stock Exchange recorded a huge rally on Thursday as 100 Index closed at 119,961 points by registering significant increase of 1425 points, reported 24NewsHDTV Channel. 

During intra day trading, the index reached a high of 119,990 from a low of 118,871 points. 

During the start of Pakistan Stock Exchange (PSX) benchmark KSE-100 Index registered jump of 640 points and touched 119176. 

The market experts say key reason for rise in the market is the release of $1 billion tranche by the IMF which strengthened expectations regarding economic stability. 

Moreover, the federal government’s plan to curb circular debt also had a positive impact on the market.