Stock market opens above 76,000 points after yesterday’s rally

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a historic surge yesterday skyrocketing by 3,410 points, or 4.69 per cent, to close at an unprecedented 76,208 points.

Today, the index opens at yesterday’s closing amidst hopes of further improvement, after weeks of downturn owing to the uncertainty because of budget.

PSX posts strong gains, closes above 76,000 level

Now that the federal government has announced the federal budget, the industry players have been able to adjust to the market expectations.

Yesterday, marked the largest single-day increase in point terms in the history of the index and the highest percentage gain since the International Monetary Fund (IMF) bailout package last year.