Benchmark KSE-100 index peaks at 90,849 points amid hopes of rate cut
KARACHI - The Pakistan Stock Exchange continued its record-breaking spree as the stocks moved further upwards with more than 850 points in intraday trade on Monday.
The benchmark KSE-100 index, which was on the rise during the last week, stood at 90,849.85 points after gaining 855.49 points from the previous close of 89,993.96 points. The raging bulls continued their rally in the Pakistan Stock Exchange on Oct 25 amid news of ‘encouraging response’ from China over debt rollover and positive talks of Pakistani team led by Finance Minister Muhammad Aurangzeb with the International Monetary Fund in Washington.
In addition, investors gained hope after the approval of a $3 billion loan facility from the Islamic Trade Financing Corporation for commodity financing of $3 billion over the period of next three years.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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