The stock market is in the midst of a strong November rally, and, the gains could last through year-end ‘thanks’ to an IMF standby agreement and announcements of general elections polls date. The KSE PSX 100-index started with a record positive business in the Pakistan Stock Exchange as it gained by record 322 points to reach a new milestone of 59,222 points on Friday. The IMF standby agreement and announcement of the general elections date are reasons behind bullishness and investor confidence in PSX. IMF to provide technical help to increase tax revenue, improve FBR efficiency Pakistan’s foreign exchange reserves witness massive weekly decline Roshan Digital Account records $7 billion inflows.

Credit: Independent News Pakistan (INP)