{"id":57426,"date":"2024-11-27T13:10:24","date_gmt":"2024-11-27T08:10:24","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=57426"},"modified":"2024-11-27T13:10:24","modified_gmt":"2024-11-27T08:10:24","slug":"pakistan-stock-exchange-recovers-as-kse-100-index-surges","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/pakistan-stock-exchange-recovers-as-kse-100-index-surges\/","title":{"rendered":"Pakistan Stock Exchange recovers as KSE-100 index surges"},"content":{"rendered":"<p>KARACHI: The <a href=\"https:\/\/dailyausaf.com\/en\/business\/pakistan-stock-exchange-breaks-record-as-kse-100-index-surges\/\">Pakistan Stock Exchange Limited<\/a> (PSX) benchmark KSE-100 climbed 3275.22 points, or 3.46 per cent, to stand at 98,266.18 points from the previous close of 94,574.16 at 12:46 pm.<\/p>\n<p>The <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/constitutional-bench-bins-plea-challenging-army-chiefs-tenure-extension\/\">Chief Executive of Topline securities<\/a> Mohammed Sohail, stated that the stocks at the stock exchange started recovering after the Pakistan Tehreek-e-Insaf protest ended in federal capital.<\/p>\n<p>While talking to media CEO Topline added that &#8220;Within 10 minutes of trading, the index surged, recovering the approximate Rs 450-500 billion market loss incurred on Tuesday<\/p>\n<p>Additionally, the <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/islamabad\/senates-deputy-media-director-family-robbed-in-islamabad\/\">Director Research<\/a> at Chase Securities, Yousaf M. Farooq said that \u2018\u2019 The market is recovering from the sharp and steep correction as the government has successfully dispersed the protestors in Islamabad.<\/p>\n<p>The focus had &#8220;shifted back to declining interest rates and earnings growth,&#8221; he continued.<\/p>\n<p>In addition to emphasizing that retail investors &#8220;should look beyond short-term fluctuations and focus on long-term investment strategies, understanding that they are purchasing shares in well-established Pakistani companies with a track record of gradually growing earnings and payouts,&#8221; he said that Meezan Bank opened under some pressure after the State Bank of Pakistan implemented a Minimum Deposit Rate for Islamic banks.<\/p>\n<p>According to CEO Topline, it will take a few more days for the market to fully stabilize as investors were facing continuous loss after the Tuesday markets downfall.<\/p>\n<h2><\/h2>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: The Pakistan Stock Exchange Limited (PSX) benchmark KSE-100 climbed 3275.22 points, or 3.46 per cent, to stand at 98,266.18 points from the previous close of 94,574.16 at 12:46 pm. The Chief Executive of Topline securities Mohammed Sohail, stated that the stocks at the stock exchange started recovering after the Pakistan Tehreek-e-Insaf protest ended in [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":30929,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[24323,11559],"class_list":["post-57426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-kse-100-surges","tag-pakistan-stock-exchange-psx"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/57426","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=57426"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/57426\/revisions"}],"predecessor-version":[{"id":57429,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/57426\/revisions\/57429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/30929"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=57426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=57426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=57426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}