KARACHI: The benchmark index of the Pakistan Stock Exchange (PSX) hit yet another all-time high on Friday and crossed the 59,000 milestone.
According to the PSX website, the KSE-100 index closed at 59,086.35 points, up 186.51 or 0.32 per cent from the previous close of 58,899.84.
The benchmark of representative shares has recorded steady gains throughout the week, thanks to the improving macroeconomic outlook following the successful review of the International Monetary Fund (IMF) programme.
The IMF funds, expected to be issued next month after the lender’s executive board meeting, are a second tranche of the nine-month bailout package. This will bring total disbursements under the $3bn package, approved in July, to almost $1.9bn.
