ISLAMABAD: The opposition PTI on Tuesday signalled willingness to engage in reconciliation talks with the ruling coalition, but only if
KSE-100 index crossed 54,000 points today
KARACHI: The Pakistan Stock Exchange’s benchmark KSE-100 index crossed 54,000 points on Tuesday, a milestone that analysts attribute to expectations of a timely International Monetary Fund review.
A little before 11am, the index extended gains of 403.5, or 0.75 per cent, from the previous close of 53,860.36.
The KSE-100 index has gained more than 30pc this year, with a turnaround in fortunes coming after the IMF approved the loan programme in July to avert a sovereign debt default.
A delegation of the global lender landed in Islamabad last week for the much-awaited loan review talks, setting the stage for a deep dive into forward-looking reforms under a nine-month bailout package.
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