The Pakistan Stock Exchange (PSX) continued its positive momentum on Wednesday, with the KSE-100 index closing at 58,198.76 points, up 827.18 or 1.44 per cent from the previous close. This upward trend was attributed to positive data indicating a significant reduction in the current account deficit, as well as anticipation of IMF board approval for a tranche on Dec 7. Alpha Beta Core CEO Khurram Shehzad noted that the anticipation of a rate cut and clarity on upcoming elections and the IMF staff-level agreement were also contributing to this positive trend. He mentioned that the market’s price-to-earnings ratio was still at low levels, indicating that the recovery was just beginning.