Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index gained more than 1,200 points in intraday trading to cross the 45,000-point mark on Monday, buoyed by the cabinet’s approval to revive Saudi Arabia’s $3 billion support package for Pakistan in safe deposits and $1.2bn worth of oil supplies on deferred payments.
The benchmark KSE-100 index was up by 1,297.86 points or 2.94 per cent by 3:12pm. It closed the day at 45,330.05 points, up by 1,215.89 or 2.76pc, from the previous day’s close of 44,114.16 points.
The market had closed at 44,114.16 points last week. Bulls had overpowered the bears on Friday after four consecutive days of index declines on the Pakistan Stock Exchange.
