The KSE-100 stock market index in Pakistan reached an all-time high of 61,555.83 points before dropping due to profit-taking by investors. The market saw a lot of buying activity, especially in sectors like automobile, cement, banks, and oil and gas companies. The increase in stock prices is attributed to a staff-level agreement between Pakistan and the International Monetary Fund, which is expected to bring more funding to the country. Experts believe that the market rally is supported by low valuations and foreign buying, and that economic stability in Pakistan will lead to a stable currency and lower interest rates. This update is for the same day and there is a link to an article for more information.
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