KARACHI – The Pakistan Stock Exchange (PSX) continued to set new records as KSE-100 index on Monday crossed the 73,000 milestone for first time in history of Pakistan.
During early trading session, the bench market gained 403 points to reach 73,099, setting another record as investors responding positively amid hopes that Pakistan would secure another bailout package from the International Monetary Fund (IMF).
The previous close of the stock market was 72,742.75 points on Friday.
Experts have also attributed the today’s surge in stock market to the expectations of cut in interest rate by the Monetary Police Committee of the State Bank of Pakistan (SBP) today.
Prime Minister Shehbaz Sharif’s recent visit to Saudi Arabia has also sparked the hopes of investment from the kingdom while government’s efforts for privatization also has a positive impact on the capital market.
More to follow…
