Blistering bulls take KSE-100 index to record 86,000 points
KARACHI - The Pakistan Stock Exchange continued its bullish sojourn on Wednesday following encouraging statements from Prime Minister Shehbaz Sharif regarding the upcoming visit of Saudi delegation aimed at bolstering economic ties with possible inking of memoranda of understanding worth $2 billion in various sectors and finance minister’s hint at further policy rate cut.
Moreover, they attribute the latest bulls’ rally to improving macroeconomic outlook with prospects of potential policy rate cut soon. According to sources in the Ministry of Commerce, Saudi Arabia is set to invest more than $5 billion by 2027, with signing of nearly 30 agreements across various sectors.
The agreements with Saudi Arabia will focus on sectors such as agriculture, information technology, and construction.
Bullish Trend Business Karachi
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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