The Pakistan Stock Exchange (PSX) witnessed a decline on Friday, with the benchmark KSE-100 Index falling by 198 points. The index is currently trading at 81,459 points.
The dip comes after a period of relative stability, prompting market participants to keep a close eye on upcoming economic developments and corporate earnings reports.
On Thursday, the Pakistan Stock Exchange (PSX) surged to an all-time high, driven by positive market sentiment following the approval of the International Monetary Fund (IMF) loan program.
The market continued its upward momentum, with the index hitting a peak of 83,000 points at one stage. This marks the highest point the stock market has ever reached.
The benchmark KSE-100 Index recorded a sharp rise of 450 points, reaching a record level of 82,700 points during the trading session.
The IMF’s approval of the loan program has been seen as a major boost for the country’s financial health, contributing to a surge in trading activity and an increase of over 600 points in the stock market at the start of trading on Thursday. With an increase of 635 points in the KSE100 Index, the stock market reached a record of 82,900 points.
