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 4 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%.
How Finland defeated fascism
- 5 گھنٹے قبل
The nuclear nightmare at the heart of the Trump-Anthropic fight
- ایک دن قبل
Trump’s war with Iran, briefly explained
- 5 گھنٹے قبل
Operation Ghazab Lil-Haq: Pak Army responding effectively to Afghan Taliban's aggression
- 19 گھنٹے قبل
PM Shehbaz cancels Russia visit amid escalating Iran conflict; emergency security meeting convened
- 21 گھنٹے قبل
AI deepfakes are a train wreck and Samsung’s selling tickets
- ایک دن قبل
High-level meeting reviews country’s security situation
- 16 گھنٹے قبل
One big takeaway from Trump’s SOTU, briefly explained
- 20 گھنٹے قبل
CISA is getting a new acting director after less than a year
- ایک دن قبل
Airlines suspend Middle East flights after US, Israel strikes on Iran
- 2 دن قبل
President, PM express grief over Ayatollah Khamenei’s martyrdom
- 16 گھنٹے قبل
Pakistan calls for resumption of diplomacy to resolve ME crisis:Asim Iftikhar
- 21 گھنٹے قبل
You May Like
Trending
