historic high

Business

Karachi Stock Exchange Witnesses 7.3% Weekly Surge

Karachi’s Stock Exchange, PSX, ended the week on a historic high, the KSE-100 index reaching an unprecedented 66,223.63, up 7.3% WoW. Caretaker Prime Minister Anwaarul Haq Kakar’s visit, launching a Rs 30 billion Ijara Sukuk, fueled the surge. Bullish sentiments prevailed, driven by factors like anticipation of IMF approval for a $700 million loan tranche and positive economic outlook. Throughout…