The Pakistan Stock Exchange (PSX) on Tuesday maintained its record-setting run driven by aggressive buying on improved economic outlook, helping the KSE-100 index to gain 1,011 points or 0.84 percent to reach 111,014, reported 24NewsHD TV channel. Later, profit-taking set in, taking off the day’s gains in a flash.
The Pakistan Stock Exchange on Tuesday maintained its record-setting run driven by aggressive buying on improved economic outlook, helping the KSE-100 index to gain 1,011 points or 0.84 percent to reach 111,014, reported 24NewsHD TV channel.Economic experts said that the incumbent government has set up a committee to consider increasing taxation on banks’ profits has dampened the sentiment and most banks are down over 4% already.
Macroeconomic developments continued to support long-term optimism. Inflation dropped to 4.9% in November, the lowest since April 2018. Saudi Arabia extended its $3 billion deposit for another year, strengthening Pakistan’s foreign reserves. On Monday the Pakistan Stock Exchange achieved a significant milestone, with its total market capitalization surpassing $50 billion for the first time in history.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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