'Markets relieved': PSX gains more than 300 points after govt raises fuel prices

The Pakistan Stock Exchange's (PSX) benchmark KSE-100 index opened in the green on Friday, continuing its momentum from the previous day and soaring more than 900 points in the first hour of trading, just hours after the government raised the prices of petroleum products to comply with International Monetary Fund (IMF) stipulations.

According to the PSX website, the index reached 43,554 by 2:35pm, up 1,013 points or 2.38 per cent.

However, during late afternoon trading, the index...