{"id":20981,"date":"2023-12-15T13:58:19","date_gmt":"2023-12-15T08:58:19","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=20981"},"modified":"2023-12-15T13:58:19","modified_gmt":"2023-12-15T08:58:19","slug":"as-the-kse-100-soars-above-700-points-bulls-rule","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/as-the-kse-100-soars-above-700-points-bulls-rule\/","title":{"rendered":"As the KSE-100 soars above 700 points, bulls rule"},"content":{"rendered":"

ISLAMABAD: Following a week of uncertainty, bulls once more displayed their horns on the trading floor on Friday. Throughout the morning, the KSE-100 of the Pakistan Stock Exchange saw green trading.<\/p>\n

The benchmark index increased by 700 points at midday, according to the PSX website, to reach<\/p>\n

66,196.74 level, a rise of 1.14%, or 746.56 points.<\/p>\n

Index-heavy industries like automakers, cement, commercial banks, fertilizer, oil and gas marketing companies, oil and gas exploration companies, and refineries trading in the green showed widespread buying.<\/p>\n

After oscillating in and out of trading on Thursday, the benchmark KSE-100 Index closed at 65,450.19, up 170.03 points or 0.26%.<\/p>\n

Experts noted that the momentum coincides with a resurgence of interest from foreign businesses in the nation, raising expectations for higher inflows of foreign currency.<\/p>\n

Read More:\u00a0\u00a0PSX is still in a downward spiral, US dollar drops further<\/a><\/em><\/strong><\/p>\n

Experts added that the market is still optimistic despite the International Monetary Fund (IMF) expected to release funds next month.<\/p>\n

On January 11, the IMF executive board will convene to discuss final approval for the disbursement of the $700 million tranche from its ongoing loan program to Pakistan.<\/p>\n

Aramco, a prominent global integrated energy and chemicals company, has made significant progress towards acquiring a 40% equity stake in Gas & Oil Pakistan Ltd. through the signing of definitive agreements.<\/p>\n","protected":false},"excerpt":{"rendered":"

ISLAMABAD: Following a week of uncertainty, bulls once more displayed their horns on the trading floor on Friday. Throughout the morning, the KSE-100 of the Pakistan Stock Exchange saw green trading. The benchmark index increased by 700 points at midday, according to the PSX website, to reach 66,196.74 level, a rise of 1.14%, or 746.56 […]<\/p>\n","protected":false},"author":9,"featured_media":20982,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,21,2],"tags":[10212,10353,3460,3461],"class_list":["post-20981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","category-news","category-pakistan","tag-business","tag-karachi-stock-exchange","tag-pakistan-stock-exchange","tag-psx"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/20981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=20981"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/20981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/20982"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=20981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=20981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=20981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}