The KSE-100 index showed a positive response after the trading opened on Monday. By 2:13 pm, the benchmark KSE-100 index gained 1.71 per cent or 731.54 points and reached 43,589 points. Earlier, the rupee continued to gain value against the US dollar and traded at Rs 212 in the interbank market.
Raza Jafri, Head of Research Intermarket Securities, the positive response from the International Monetary Fund (IMF) and the letter of intent from them were the prime reason for the gain in index. CEO of Habib Corporation, Arif Habib, said that a positive response from the stock market was due to the recovery of rupee and news of a financial package from Saudi Arabia.