PSX breaches 78,000 barrier again over renewed optimism on budget, IMF deal

The Pakistan Stock Exchange (PSX) on Wednesday gained 335 points to close at 78,275 points, with analysts attributing the gain to expectations that the proposed budget would eventually be passed, which would then pave way for striking a deal with the International Monetary Fund (IMF).

Last week, the PSX crossed 80,000 points during intraday trade before closing at a sustained record high.

The index today gained 335.06 points or 0.43 per cent while reaching a high of 78,679.49 points...