KARACHI: Last week, the Pakistan Stock Exchange (PSX) reached a new historic milestone on Thursday, when it was seen trading at 68,362.35 points around 9:30 AM.
Read More: PSX maintains stability, tops 68,000 points
The index continued to rise until the end of the trading day, closing at 68,416.78 points, having gained 660.75 points overall.
The index will open today at Thursday’s closing in the hopes of making more gains based on the central bank’s loose monetary policy and the impending pickup in activity due to the end of Ramadan and the return to regular working hours.
Analysts attributed the index’s higher increase during the previous week to encouraging economic indicators.
The outlook for investors is also expected to improve further, as the United Nations Economic and Social Survey of Asia and the Pacific (UNESCAP) 2024 predicts a stronger economic recovery.
ISLAMABAD (Rizwan Abassi): Pakistan’s recent trade policy has gained significance amid reports that the United…
ISLAMABAD: Important legislation may be considered in the negotiations between the Pakistan People's Party (PPP)…
ISLAMABAD: If you are thinking of applying for a UK visa from Pakistan and are…
LAHORE: The Drugs Control of Punjab declared a Class-I alert after the lab tests confirmed…
KARACHI: The government has decided to include unmarried women above the age of 35 in…
ISLAMABAD: The Pakistan Institute of Development Economics (PIED) has recommended setting the minimum monthly wage…