Stock exchange sees yet another record-setting week

KARACHI: Despite some serious concerns about the external financing gap and revenue shortfalls by the International Monetary Fund (IMF), the stock market maintained a record-setting streak, propelling the benchmark KSE-100 index to an all-time high above 95,000 in the outgoing week.

The market extended its week-on-week bullish momentum supported by positive economic data. However, investor sentiment was tempered by the likelihood of a mini-budget after the IMF team, which wrapped up its informal assessment of the economy on Friday...