Pakistan Stock Exchange makes significant gains on first day after Moharram holidays
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*KARACHI: The Pakistan Stock Exchange (PSX) opened up in green after the KSE-100 index gained 622 points over reports of funds coming to Pakistan from UAE. *
The PSX traded at 42,718 points after the KSE-100 index continued its upward trend in the early day trading.
The positive sentiment in the PSX came after the International Monetary Fund (IMF) has confirmed that Pakistan has achieved all the set targets for the revival of the Extended Fund Facility (EFF) programme.
Exclusively talking to ARY News, International Monetary Fund’s (IMF) resident representative in Islamabad, Esther Perez Ruiz said Pakistan has achieved link all the financial targets set by the fund and the last action was accomplished on July 31 by extending the levy on petrol.
Ruiz said the 7th and 8th reviews have been completed and the IMF Executive Board will meet in the third week of August.
