The benchmark KSE-100 index on the Pakistan Stock Exchange (PSX) saw an increase of 683 points.
At around 12:30 PM in the stock market, the benchmark KSE-100 index rose 683 points or 1.67% to 41,647 points, which closed at 40,964 points yesterday.
Mohammad Sohail, Chief Executive of Topline Securities, cited the reasons for the rise in the market as expectations of an investment-friendly budget and particularly measures related to tax on reserves, which may force listed companies to pay more to shareholders.
