Abb Takk News

Bullish Trend at PSX, 100-Index Crosses 43,000 Points Mark

KARACHI: The bulls took command of the stock market on Wednesday, tossing the KSE-100 index up by 300 points as Pakistan resumes talks with the International Monetary Fund (IMF).

The 43,000-barrier was easily knocked down as investors cherry-picked stocks at attractive valuations.

Bulls were seen dominating the market throughout the day, as the development regarding the Supreme Court verdict on the presidential reference seeking the interpretation of Article 63(A) of the Constitution related to defecting lawmakers coupled with news regarding Pakistan-IMF talks.

At close, the benchmark KSE-100 index closed at 43,027.88 with a gain of 300.82 points, or 0.70%.