KARACHI: On Monday, the Pakistan Stock Exchange (PSX) went up because the market was happy that the government and the International Monetary Fund (IMF) had agreed on a bailout plan.
The KSE-100 benchmark index started in the green zone and stayed there for the rest of the session. Trading activity kept going up until it was stopped for an hour because of a 5% upper limit.
The PSX opened at 43,683.78 points after adding 2,231.1 points before trading was stopped at 9:32pm. The benchmark KSE-100 Index went up 5.8% during that time.
More to follow….
