Dawn
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12:07 May 19, 2025
The Pakistan Stock Exchange (PSX) continued last week’s renewed momentum and crossed the 120,000-point barrier to reach a record high during intraday trade on Monday before losing its gains to settle a little below. The benchmark KSE-100 index climbed 636.4 points, or 0.53 per cent, to stand at 120,285.54 points from the previous close of 119,649.14 points at 9:33am. However, it witnessed fluctuation, dropping to 119,426.44 points at 11:44am, 222.70 points lower than the last close. The market subsequently closed at 119,689.63 points, 40.49 points higher, or 0.03pc. After the Pakistan-India ceasefire relieved investors’ worries, the PSX recorded a historic rebound last week as the KSE-100 Index gained 12,474 points to settle at 119,649 on Friday. The bullish momentum in recent days has been further supported by the International Monetary Fund’s (IMF) approval of the first review of Pakistan’s loan programme and a climate fund, as well as the disbursement of a $1 billion tranche. Yousuf M. Farooq, director of ...