{"id":31819,"date":"2024-04-03T13:45:11","date_gmt":"2024-04-03T08:45:11","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=31819"},"modified":"2024-04-03T13:45:11","modified_gmt":"2024-04-03T08:45:11","slug":"psx-surges-over-700-points","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/latest-news\/psx-surges-over-700-points\/","title":{"rendered":"PSX surges over 700 points"},"content":{"rendered":"<p>KARACHI: Fuelled by anticipation of a potential rate cut, propelled the index&#8217;s intraday rise of over 700 points on Wednesday, giving bulls control of the <a href=\"https:\/\/www.psx.com.pk\/\">Pakistan Stock Exchange<\/a> (PSX).<\/p>\n<p>The KSE-100 index had an incredible rise of 704 points, or 1.05 percent, to close at 67,590.26 by midday. The index increased even more by 1:20, reaching 67,783.65 points.<\/p>\n<p><em><strong>Read More: <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/positivity-continues-at-psx-dollar-becomes-cheaper\/\">Positivity continues at PSX, dollar becomes cheaper<\/a><\/strong><\/em><\/p>\n<p>This increase was mostly driven by the banking, cement, transportation, and IT sectors.<\/p>\n<p>After two days of losses, the stock market saw a recovery yesterday, with the KSE-100 index ending Tuesday&#8217;s trading session up 89.94 points.<\/p>\n<p>Banks, IT, and the auto industry provided the upward momentum, while the E&amp;P industry and the power generation sector applied some negative pressure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: Fuelled by anticipation of a potential rate cut, propelled the index&#8217;s intraday rise of over 700 points on Wednesday, giving bulls control of the Pakistan Stock Exchange (PSX). The KSE-100 index had an incredible rise of 704 points, or 1.05 percent, to close at 67,590.26 by midday. The index increased even more by 1:20, [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":29988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,21,2],"tags":[14387,14389,14388],"class_list":["post-31819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","category-news","category-pakistan","tag-psx-surges","tag-psx-surges-over-700-points","tag-psx-surges-over-700-points-amid-speculation-of-interest-rate-cut"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/31819","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=31819"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/31819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/29988"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=31819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=31819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=31819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}