Investors chose to purchase value on Thursday, causing the KSE-100 index to increase by 448 points as the Pakistan Stock Exchange opened on a positive note.
The KSE-100 index is now trading at a value of 40,165.65 points after rising 448 points as of [10:20 PST]. On Thursday, the Pakistan Stock Exchange (PSX) started on a bullish note as investors chose value purchasing.
Pakistan Stock Exchange
The news reports, which stated that Saudi Arabia would give Pakistan $2 billion in additional assets, are credited with the mood.
The government and IMF have been negotiating since January to secure the release of $1.1 billion from a $6.5 billion bailout plan decided upon in 2019.
- KSE-100 index increased by 448 points as the PSX opened on a positive note.
- The KSE-100 index is now trading at a value of 40,165.65 points after rising 448 points.
- The upcoming inflows will aid in bolstering foreign currency reserves.
The deal has been delayed, though, because friendly nations have agreed to offer more financial support. The upcoming inflows will aid in bolstering foreign currency reserves.
The industries that have made the most progress so far are oil and gas exploration, oil and gas marketing, fertilizer, cement, business banks, and technology.
Regarding scrip, more purchasing was seen in ARPL, ABOT, MARI, CHCC, ENGRO, LCI, and LUCK.
