Pakistan benchmark stock index hits record high on hopeful IMF outlook

Bullish momentum continued at the Pakistan Stock Exchange (PSX) on Monday as shares gained more than 700 points.

The benchmark KSE-100 index was up by 788.56 points, or 1.08 per cent, at 1:55pm, reaching 73,874.06 points from the previous close of 73,085.50 points. Finally, the index closed at 73,799.1, up by 713.61 points from the previous close.

During intraday trade, the benchmark index breached the 74,000 barrier, touching 74,114.22, before dropping back below within an hour.