PSX maintains momentum amid talks with IMF
Business
Across-the-board buying was observed in key sectors
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) on Wednesday witnessed ups and downs and eventually closed in the negative zone.
The KSE-100 index lost 200 points and traded at 118,200 points.
Hours later, the situation somewhat improved and the index gained 500 points and touched the figure of 119,157. It eventually closed at 118,536 - a loss of 39 points.
Across-the-board buying was observed in key sectors including cement, commercial banks, power generation and refinery.
Read more: PSX gallops past 120,000 mark on road to recovery
On Tuesday, the PSX soared past 120,000 mark on road to recovery after positive developments on political and economic front.
The bullish momentum continued at the PSX on Tuesday as investors made good use of US-brokered ceasefire agreement between India and Pakistan, with the benchmark KSE-100 Index closing at 118,575.88 points.
The IMF team has begun talks with Pakistani authorities on the upcoming budget for 2025-26.
