*KARACHI: **In a positive development, Pakistan Stock Exchange registersremarkable increase.*
Pakistan stock market has maintained booming rally on the eighth successiveday on Monday.
Pakistan Stock Exchange (PSX) benchmark KSE-100 Index surged by another 700points to a six-month high above 36,650 points in intra-day trading ataround 12:25pm.
“The market is up on IMF satisfaction over Pakistan economic trajectory andIslamabad successfully averted the chances of being downgraded by MSCI lastweek,” JS Securities Head of Equity Sales Farhan Rizvi said.
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The benchmark index gained over 2,800 points or over 8% in the past eightconsecutive days including today’s one in progress.
The third and most important factor for the rally is “share prices fallingto attractive levels,” the analyst added.
