Shares at PSX surge 1,100 points after IMF agreement

Bulls dominated the trade floor on Wednesday as shares at the Pakistan Stock Exchange (PSX) surged more than 1,100 points after a successful review of the International Monetary Fund (IMF) bailout programme.

The benchmark KSE-100 index climbed 1,390.46 points, or 1.19 per cent to stand at 118,023.62 from the previous close of 116,633.16 at 9:22am.

Finally, the index closed at 117,772.31, up by 1,139.15 or 0.98pc, from the last close.

Sana Tawfik, head of research at Arif Habib Limited...