Pakistan, Oct. 9 -- KARACHI - The Pakistan Stock Exchange (PSX) opened on a strong note on Thursday after reports of significant progress between the International Monetary Fund (IMF) and the Government of Pakistan on key economic reviews.

The KSE-100 index jumped 1,382.51 points to reach 166,647.25 points, marking an increase of 0.84% as optimism spread across the trading floor.

Read More: Pakistan Stock Market Soars Again, Hits New High

The rally followed an official IMF statement noting substantial progress in discussions with Pakistani authorities. The talks, led by IMF Mission Chief Iva Petrova, focused on the second review under the Extended Fund Facility (EFF) and the first review under the Resilience and Sustainability Facility...