Stock trading is booming and has surpassed the 116,000 level.

With the major index surpassing 116,000 points, the Pakistan Stock Exchange (PSX) started the day on a high note.

In the hope of a positive conclusion from the current discussions regarding the loan tranche with the International Monetary Fund (IMF), the rising trend has continued in recent days.

The PSX surged 1,000 points, peaking at 116,626 in the early hours of the week’s opening day.

Later, the index gained 663 points and finished at 116,199.

The KSE-100 Index gained 441 points on Friday, closing at 115,536.

The PSX recently gained momentum on Thursday after experiencing ups and downs, with the major index exceeding 115,000 points.

The KSE 100-Index closed at 115,094.23 points after gaining 1,009.70 points, or 0.89 percent. 115,247.39 was the intraday high, and 14,429.93 was the lowest.

According to experts, one important factor is Moody’s Ratings’ upgrade of Pakistani banks. Investor confidence was further bolstered by the expectation of fruitful negotiations with the International Monetary Fund (IMF).

“We have changed our outlook on Pakistan’s banking system to positive from stable to reflect the banks’ resilient financial performance as well as improving macroeconomic conditions from very weak levels a year ago,” Moody’s said in its assessment last week.

Amidst the ongoing negotiations with the International Monetary Fund (IMF) regarding a loan tranche, the Pakistan Stock Exchange (PSX) has resumed its upward trajectory in recent days.