The government’s decision late on Thursday night to hike petroleum product rates is a step towards reviving the International Monetary Fund (IMF) programme, which also improved sentiment at the Pakistan Stock Exchange (PSX) as the benchmark index jumped over 930 points in intra-day trading on Friday.
At the time of this report, the benchmark index was hovering around 43,460.62, a gain of 918.61 points or 2.16%. On Thursday, the KSE-100 had increased 529.05 points, or 1.26%, to finish at 42,541.71.