Karachi: The Pakistan Stock Exchange (PSX) hit a fresh high on Wednesday as the market crossed the 75,000 mark on the first day of trading.
The benchmark KSE-100 hit 75,115.32 in intraday trade at 10:11 am, but it was below the 74,000 mark. Last day, the KSE-100 index closed at 74,531.19 points.
Samiullah Tariq, head of research at Pak-Kuwait Investment Company, said in an interview to Geo.tv that the market has reacted positively due to optimism about the new International Monetary Fund (IMF) plan.
Tariq also said that interest rates are expected to come down in the next monetary policy due to the fall in inflation.
Stocks hit record highs a day earlier as investors jumped on hopes of new loan programs and HPG and Saudi investments.
The PSX gained 732.08 points, or 0.99%, to close at 74,531.19 on Tuesday.
