PSX spikes after IMF loan revival

By Muhammad JuniadPublished On 03 Jul 2023
psx-spikes-after-imf-loan-revival

KARACHI: The Pakistan Stock Market (PSX) spiked over 2,000 points on Monday, as investors’ confidence is revived after the signing of a staff-level agreement between Pakistan and the International Monetary Fund (IMF) programme on Friday.

The benchmark KSE-100 index of the Pakistan Stock Exchange rose 2,307 points at 11:00 am. The index is currently trading at 43,759 points.

According to the market experts, the PSX showing a bullish trend after the revival of the loan programme with the international lender.

Last week, Pakistan signed $3 billion staff-level agreement with the International Monetary Fund (IMF).

As per details, the government of Pakistan and IMF $3 billion staff-level agreement was signed in a ceremony held in Lahore.

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