ISLAMABAD, JULY15: The benchmark index KSE-100 of the Pakistan Stock Exchange (PSX) reached an all-time high, within the first hour of trading on Monday, surpassing the 81,000 point mark, as investors rejoiced over the staff-level agreement between Pakistan and the International Monetary Fund (IMF).The KSE-100 index reached an intraday high of 81,380 points after rising by 1,436 points.
Bullish momentum was seen at the KSE-100 following the staff-level agreement on a 37-month Extended Fund Facility (EFF) Arrangement worth around US$7 billion agreed by the International Monetary Fund (IMF) and Pakistani authorities. Within minutes of opening, the index increased by more than 1,000 points, according to JS Global Deputy Head of Research Waqas Ghani.
He went on to say that because the signature suggests that everything is moving along as planned, markets are seeing the IMF deal favorably. The KSE-100 index is currently up 1,280 points, or 1.6 percent, at 11:34 AM, to 81,224.
Top Volumes
SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
PIAHCLA | 20.6 | 22.4 | 18.76 | 0.06 | 20,879,822 |
FFBL | 41.76 | 43.25 | 41.74 | 0.91 | 13,219,912 |
AVN | 59.11 | 59.64 | 56.5 | 3.1 | 8,787,672 |
HUBC | 163.3 | 165.65 | 161.9 | 2.78 | 8,541,742 |
AIRLINK | 108.48 | 109.0 | 106.0 | 4.22 | 8,467,105 |
WTL | 1.21 | 1.22 | 1.19 | 0.01 | 7,668,273 |
MLCF | 38.8 | 39.4 | 38.7 | 0.23 | 6,405,339 |