The stocks gained strength on the 12th consecutive day highlighting improvement in country’s economy
KARACHI – The Pakistan Stock Exchange on Thursday attained another high by soaring past 114,000 points in early hours of trading. .
Thursday’s trade saw figure jump to 113,374 points with a gain of hefty 2,500 points. Later in the day, the KSE-100 index surpassed 114,000 points and eventually closed at 114,180 with a gain of 3,370 points. A few days ago the market witnessed sudden bearish rally but it was short-lived as bullish momentum returned with the benchmark KSE-100 Index hovering around 111,000 points after gaining more than 2,000 points. It was against previous day’s close of 108,896 points.
Another reason for the current market sentiment is SBP’s upcoming meeting on policy rate cut. The Central Bank’s Monetary Policy Committee is expected to meet on Dec 16. On Nov 30 last, the Pakistan Stock Exchange attained the historic high of 100,000 points on the heels of unprecedented streak of surge in the last one month or so. The Pakistan Stock Exchange on Tuesday continued its momentum by soaring past 111,000 points amid a rosy economic picture.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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