PSX goes strong at 120,000 points amid positive developments
KARACHI – The Pakistan Stock Exchange began new week trading on a positive note.The PSX staged a comeback after recent geopolitical tensions, which rattled the business activity. As the dust settled after the ceasefire and other positive economic indicators surfaced, investors regained confidence.
The benchmark KSE-100 index was hovering at 120,380 level after gaining more than 300 points.On Wednesday last, the State Bank of Pakistan received the second tranche of $1.023 million from the International Monetary Fund under the Extended Fund Facility . The amount reflected in SBP’s foreign exchange reserves for the week ending on May 16, 2025, the bank said in a statement. A week earlier, the IMF’s Executive Board formally approved a $1 billion disbursement for Pakistan under the EFF, marking a significant step in the country’s ongoing economic stabilisation efforts. The tranche was greenlit following Pakistan’s successful completion of key performance benchmarks. The EFF programme, which is designed to support countries facing balance-of-payment difficulties, spans a 37-month period.Dollar edges lower after US credit downgrade, Aussie pares losses before RBA'India is not Israel, Pakistan is not Palestine' - ISPR DG warns of swift, brutal responseTrump hails ceasefire as his 'bigger success', pledges to expand trade with PakistanPM Shehbaz Sharif meets Nawaz SharifAll credit for giving a befitting reply to Indian aggression goes to the general, says Sindh Governor The brave forces crushed the enemy, it was not just a war of borders but a war of ideas and passion, Maryam Nawaz
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