Economic optimism tosses PSX to all-time high

KARACHI: Snapping the three-day bearish spell on Friday despite mounting geopolitical tensions, the Pakistani stocks staged a surprise robust rally, tossing the benchmark KSE 100 index near 71,000.

Speaking to Dawn, Arif Habib Ltd Head of Research Tahir Abbas said the ongoing process to secure another bailout package was the key bullish factor as staying in the IMF programme would ensure the sustainability of meeting the country’s external debt repayment obligations and keeping the current account in better shape.