The Pakistan Stock Exchange (PSX) saw a continued buying rally on Thursday, as optimism surrounding government efforts to resolve the circular debt crisis drove the KSE-100 Index to a new all-time high.
The index reached an intra-day high of 159,537.60, before settling at 159,280.09, up by 1,043.42 points or 0.66% at the close. Positive sentiment prevailed throughout the trading session, with key sectors responding favorably.
A significant development in the power sector saw the government and a consortium of 18 banks sign a Rs 1.225 trillion financing facility agreement, according to a senior government official.
Meanwhile, Prime Minister Shehbaz Sharif is scheduled to meet US President Donald Trump at the White House today, following the recent trade agreement between the two countries.
On Wednesday, the PSX closed higher after a volatile session, with the KSE-100 gaining 291.65 points or 0.18%, settling at 158,236.68 points.
