Pakistan's benchmark share index scored its biggest single-day jump in 15 years on Monday, gaining 5.9% on the first trading session after the country secured a last-gasp funding deal from the International Monetary Fund (IMF).
from the IMF, giving its economy some much-awaited respite as it teeters on the brink of default.
He later told the cabinet the deal was a breathing pace for the economy and that the road to sustained stability would require sacrifices from industrialists and other members of the elite. "We must convert this into an opportunity," he added.closed up 2,442.06 points at 43,894.7, its biggest percentage gain since June 24, 2008, when it rose 8.6%, as per Refinitiv data.
The Pakistan rupee was little moved amid an inter-bank trading holiday due to the start of the new fiscal year, with the local unit trading steady on the day at around 286 against the U.S. dollar.
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