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Pakistan's Stocks Surge 2,400 Points After Cliffhanger IMF Deal | Analysts Gives Big News

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Pakistan's stocks surged by a staggering 5.9% or 2,400 points on Monday, marking their biggest single-day upswing in 15 years, mainly cheering a cliffhanger deal with the International Monetary Fund (IMF).

Pakistan Stock Exchange's (PSX) benchmark, KSE-100 Index remained on the roll until the trading was halted for an hour after the market hit its upper circuit limit of 5% at around 9:30am. The trading resumed at around 10:37pm.

Topline Securities in a tweet said in points terms the increase was even more significant.

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Category
Asia
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