The Pakistan Stock Exchange (PSX) index went up on Tuesday and remained above 57,000 points. The KSE-100 index was at 57,539.71 points, up 461.75 or 0.81% from the previous close. Last week, the index hit an all-time high after an agreement between Pakistan and the IMF, leading to expectations of a $700 million loan tranche. Valuations are still low despite the recent market rally. The rally is attributed to a positive economic outlook and decreased trade deficit. Shares are trading at a low price-to-earnings ratio and the asset replacement value has increased. More updates to come.

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By hassani

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