KARACHI: According to News, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index reached 48,000 points on Friday after rising 1,026 points to start the final trading day of the trading week.
PSX: KSE-100 index gains 1026 points: Stockbrokers assert that PSX is exhibiting positive behavior due to the restoration of investors’ confidence, attributed to favorable developments within the country, including the completion of the current administration’s term in office and the resumption of the International Monetary Fund (IMF) loan program.
At this time, the KSE-100 index is trading at 48,834 points. The dealers are optimistic that the market will surpass the 50,000 threshold soon.
Foreign investment totaling $26 million was inject into the Pakistan Stock Exchange during this week.
15 new businesses have been include in the MSCI Frontier Marketing Index.
The International Monetary Fund (IMF) provided the SBP with a loan in the form of a first tranche earlier in the month, which caused the KSE-100 index to surpass 49,000 points.
It’s worth noting that on June 8, 2017, the PSX’s 100-index stood at 49,000, and the market has experienced fluctuations since then