KARACHI: For the first time in the country’s history, the Pakistan Stock Exchange has crossed the new highest level of 69 thousand points and the KSE 100 index has reached the level of 69003 points with an increase of 586 points.
The World Bank and Bloomberg report on the growth rate of the economy and the signs of growth, due to factors such as the forecast of gradual growth with a doubling of the growth rate in the next fiscal year and the possibility of an 11% reduction in the inflation rate. The Pakistan Stock Exchange continues to rise on the first day of the business week.
Due to the boom, the prices of shares increased by more than 50 percent, which added billions of rupees in value.
As a result of joining the IMF program and reform measures, local and foreign investors are investing in confidence, which is helping to create new records in the capital market, which is why the business market is in a positive zone. Investors are confident about the privatization plan, positive talks with the IMF.
