Stocks rally as Pakistan, IMF strike deal after nine-month delay

1688360726 Stocks rally as Pakistan IMF strike deal after nine month delay
An investor talks on his phone at the Pakistan Stock Exchange. — AFP/File
An investor talks on his telephone on the Pakistan Inventory Trade. — AFP/File

KARACHI: Following Pakistan’s staff-level settlement with the Worldwide Financial Fund (IMF) over the weekend, Pakistan Inventory Trade (PSX) Monday witnessed a bullish development.

The market opened within the inexperienced zone and has remained constructive all through the session, with growing buying and selling actions earlier than the buying and selling was suspended because of a 5% higher cap.

The market opened at 43,683.78 factors after a acquire of two,231.1 factors, earlier than the market’s buying and selling was halted at round 9:37pm, after it dropped a couple of factors — to 43,439.33 factors.

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