The Variable Income Market was further recovered on Thursday, with the KSE-100 reference index reaching a new historical maximum in early trade, continuing its upward trajectory as investors maintained the purchase impulse in the key sectors.
The rally follows the profits supported by facilitating geopolitical tensions and expectations of a stable economic roadmap under the supervision of the International Monetary Fund (IMF).
The reference index of the Pakistan Bag (PSX) increased to a new historical maximum of 120,668.42 points, increasing 736.97 points, or 0.61%, during the intradic merchant, compared to the previous closure of 119,931.45.
The index also marked a minimum of 120,210.56, even more than 279.11 points, or 0.23%, during the early session, maintaining a firm bullish tone at all times.
“It is a continuation of the Post Rally relief of the Indo-Pak war,” said Aah Soomro, an economic and independent investment analyst. “The market in general remains attractive with more investors that implement funds consistently.”
“It is likely that the agreement with the IMF on the budget drives to the actions of the growth sector and continue with the execution of Toro eventually around 150,000 in a year,” he added.
The Rally follows Wednesday’s strong performance, when the KSE-100 index closed to 119,931.45, winning 960.33 points, or 0.81%.
