The Pakistan Stock Exchange (PSX) is setting new records, with the KSE-100 Index reaching an all-time high above 59,000 during trading. The index was at 59,616.76, up 530.41 points or 0.90%. Various sectors including automobile, cement, chemical, oil and gas, OMCs, and property were trading positively.

Last week, the PSX hit its highest level ever, closing with healthy gains. The stock market is on a bullish spree after the Pakistani authorities and the International Monetary Fund (IMF) reached an agreement, which is expected to be approved soon.

The market is also anticipating a policy rate cut in the upcoming meeting, which would improve the liquidity position. This update is for the current trading day.

The government believes that the IMF’s approval will lead to the release of the second tranche of funding and open the way for other inflows. Overall, the stock market seems optimistic about the future.

>Source link>

>>Join our Facebook Group be part of community. <<

By hassani

Leave a Reply

Your email address will not be published. Required fields are marked *