KARACHI: Pakistan Stock Exchange continues to rise, as a result of which the index crossed a new high of 85 thousand 615 points for the first time in the country’s history.
The KSE 100 index rose 705 points to hit a fresh high of 85,615 points.
Expectations of a significant reduction in interest rates in proportion to the reduction in inflation, the opening of avenues for foreign investment on a sectoral basis in Pakistan after joining the IMF program, possible investment in the oil and gas sector of Saudi Arabia and the Gulf countries. For the first time in the country’s history, the psychological level of the index of 85 thousand 615 points has also been crossed due to such factors.
Due to the bullishness, the prices of several shares increased, increasing their value by billions of rupees. Due to factors such as the 17% increase in the volume of foreign investment this year, control of the trade deficit, the confidence of investors from foreign institutions and other sectors in the oil and gas fertilizer banking sector has increased the capital market in most of the period. The graph is moving upwards.
