The Pakistan Stock Exchange continued its upward climb on Thursday.

The 100-index gained 670 points to reach 58,800 points in the opening session of trading.

On Wednesday, the PSX had made history by crossing the 58,000 points for the first time in its history after gaining a massive 827 points.

The Pakistani rupee continued to gain value against the United States Dollar on Thursday with a gain of 37 paisas in value.

The change took the value of the dollar to Rs284.75 in the interbank market.

Both the stock market and the rupee have made gains since Pakistan completed its first review of the stand-by agreement with the International Monetary Fund.

The review was completed after lengthy negotiations with the Fund’s team in Islamabad which were split between policy-level and technical-level talks.

While the final approval is still pending IMF board approval, Pakistan is hopeful of getting the second tranch of $710 million.