The Pakistan Stock Exchange (PSX) had a good day on Thursday, with the benchmark KSE-100 Index increasing by over 700 points. The index reached a high of 58,871.07 during the day, with buying seen across various sectors. This bullish trend follows the index crossing the 58,000 level for the first time in history on Wednesday, with the country’s improved economic indicators and successful IMF negotiations contributing to the positive outlook. Analysts expect a possible decline in the interest rate, which could shift liquidity towards equities. Economic indicators like the current account deficit and Large Scale Manufacturing (LSM) Index are also improving. The release of an IMF tranche in December is expected to further bolster the market. This is just an update for the day on how things are going in the stock exchange.
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