The Pakistan Stock Exchange’s KSE-100 index increased by over 650 points during trading on Monday, showing positive growth. This indicates that investors are feeling more confident in the market. The index has not been above the 50,000 mark since 2017, when the China-Pakistan Economic Corridor gained momentum and the cement sector played a significant role. It is unclear what factors are driving the recent increase in the index, as the country is facing economic challenges and a politically uncertain environment. However, some possible reasons include the strengthening of the Pakistani rupee in September and the unchanged monetary policy following a T-bill auction. In October, there has been significant activity in sectors such as commercial banking, power, fertiliser, cement, and exploration and production.
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