Shares at the Pakistan Stock Exchange (PSX) climbed by 1,300 points on Wednesday ahead of the budget announcement on June 10.

The KSE-100 index climbed 923.71, or 0.77 per cent, to stand at 121,374.58 from the last close of 120,450.87 at 1:31pm. The index closed at 121,798.86, with a gain of 1347.99 points or 1.12pc.

Sana Tawfik, head of research at Arif Habib Limited, attributed the bullish momentum to the news of the approval of a new financial package between Pakistan and Asian Development Bank (ADB).

The ADB

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