PSX surges past 76,000 milestone on ‘significant progress’ on new IMF loan

Bulls dominated the trading floor at the Pakistan Stock Exchange (PSX) as stocks climbed more than 900 points on Friday after the International Monetary Fund (IMF) said it and Pakistan made significant progress on a new loan.

After the opening bell, the benchmark KSE-100 traded in the green. The index climbed 956.44 points, or 1.27 per cent, to stand at 76,070.91 points from the previous close of 75,114.47 at 12:08pm.

Mohammed Sohail, chief executive of Topline Securities, said that...