Bulls become all the rage as KSE-100 index crosses 88,000 points barrier
KARACHI - The raging bulls continued their rally in the Pakistan Stock Exchange on Thursday amid news of ‘encouraging response’ from China over debt rollover and positive talks of Pakistan i team led by Finance Minister Muhammad Aurangzeb with the Inter national Monetary Fund in Washington.According to most of the mark analysts, the State Bank of Pakistan would reduce its policy rate by 200 basis points in its upcoming meeting on November 4 as hinted by the finance minister.
In addition, investors’ confidence boosted 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. It must be noted that the KSE-100 index closed at 87,194 points after gaining 727 points on Oct 23 .Gold prices hit fresh high of Rs285,400 per tolaNine terrorists including high-value target killed in Bajaur IBORain batters India's Bengaluru, renews haphazard expansion concernsToshakhana-II case: Bushra Bibi released from Adiala Jail after 9 months
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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