Bulls help PSX surpass the historic 80,000 milestone.

After closing at 78,801 points earlier, the benchmark KSE-100 hit an all-time high of 80,001 points.

At approximately 09.50am, the KSE-100 index increased by 1,199 points.

The government’s readiness to seal an agreement with the International Monetary Fund (IMF) following the budget was cited by analysts as the reason for the upward trend.

Experts anticipate that in an attempt to bolster its position for a fresh bailout agreement with the International Monetary Fund (IMF), the budget for the fiscal year ending in June 2025 would set aggressive fiscal goals.

In contrast to the previous trading day’s 76,706.77 points, the Pakistan Stock Exchange’s (PSX) 100-index gained 2,094.76 points on Thursday to close at a historic level of 78,801.53 points.

During the day, 452,637,253 shares worth Rs. 20.675 billion were traded, as opposed to 395,897,996 shares worth Rs. 21.366 billion the day before.

About 447 firms exchanged their shares on the stock market; 256 of them saw gains, 133 saw losses, and the share prices of 58 stayed the same.