PSX surges over 800 points as Pakistan completes last pre-condition for IMF programme
Appreciation of rupee against dollar was also a contributing factor
Published 3 years ago on Aug 4th 2022, 1:13 am
By Web Desk
Karachi: The Pakistan Stock Exchange (PSX) witnessed a positive intraday trade on Wednesday as its benchmark KSE-100 index soared over 850 points to close marginally over 41,000.
The bulls prevailed in the stocks after Islamabad completed the last pre-condition to revive the International Monetary Fund's (IMF) loan programme.
Encouraging financial results, rupee appreciation against the US dollar and an expected decline in oil import bills added fuel to the bullish trend as investors assumed fresh positions.
At close, the benchmark KSE-100 index closed at 41,068.87 points with an increase of 877.26 points or 2.18%.
Pakistan, Afghanistan agree to ceasefire, long-term peace
- 4 گھنٹے قبل
Spinner Maharaj to return for South Africa against Pakistan
- 5 گھنٹے قبل
OpenAI suspends MLK deepfakes on Sora after ‘disrespectful’ videos
- 9 گھنٹے قبل
Interior Minister briefs PM on country's law and order situation
- 2 گھنٹے قبل
Our understanding of memory is all wrong
- 7 گھنٹے قبل
Fitna al Hindustan top terrorist commander killed in Balochistan
- 5 گھنٹے قبل
Trump manages to disappoint nearly everyone with his new IVF plan
- 16 گھنٹے قبل
Govt approves wheat policy; procurement set at Rs3,500 per 40kg
- 2 گھنٹے قبل
Atari’s resurrecting the Intellivision, one of its biggest competitors in the ‘80s
- 9 گھنٹے قبل
Pakistan successfully launches first Hyperspectral Satellite
- 4 گھنٹے قبل
Pakistan's JF-17 Block-III jets land in Azerbaijan for bilateral aerial exercises
- 5 گھنٹے قبل
Pakistan rejects ICC’s selective comment regarding Afghan cricketers' death in airstrike
- 2 گھنٹے قبل
You May Like
Trending
