The KSE-100 index surged more than 2,000 points following the last moment IMF deal that saved Pakistan from economic default.
The market was up 2,269.23 points at 9:32am from Friday’s close of 41,452.68 points before trading was halted for an hour after the index hit its upper circuit limit.
When trading resumed, the market remained above the 2,000-mark, gaining 2,421.11 points to reach 43,873.79 points at 11:17am.
Salman Naqvi, the head of research at Aba Ali Habib Securities, said that the market had approximately gained five per cent. He said that trading had been halted as per Pakistan Stock Exchange (PSX) rules.