| KARACHI:
The Pakistan Stock Exchange (PSX) surpassed the milestone of 57,000 points, hitting a new all-time high during early trading hours on Thursday following the staff-level approval by the International Monetary Fund (IMF) for a loan tranche of $700 million.
The successful completion of the first IMF review of the domestic economy also helped the Pakistani rupee as it made a significant recovery of over Rs2 to a one-week high of Rs286 against the US dollar in the inter-bank market.
PSX benchmark KSE-100 index was up by 493 points, hovering at a record high of 57,173 points before mid-day. |
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