In preparation for the upcoming basic elections on February 8, the Pakistan Stock Exchange (PSX) 100-Index experienced a considerable rise, climbing up by 251 indicate reach the turning point of 65,051 points on Wednesday.
After the gain of 251 points, the PSX 100 index rebounded to 64,000 points. Currently, conversations are underway in between the caretaker federal government and the International Monetary Fund (IMF) to take on the circular financial obligation concern.
Market specialists think that financiers are actively taking part in the stock exchange, expecting the approval of the circular financial obligation resolution strategy by the IMF.
There is a noteworthy interest amongst financiers in buying shares in the oil and gas refinery sectors, along with the banking sectors. Experts forecast a favorable efficiency in the market following the basic elections, unless any unexpected occasions happen.