{"id":76565,"date":"2025-06-04T15:37:52","date_gmt":"2025-06-04T10:37:52","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=76565"},"modified":"2025-06-04T15:37:52","modified_gmt":"2025-06-04T10:37:52","slug":"psx-witnesses-rise-in-intraday-trade-ahead-of-budget-announcement","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/psx-witnesses-rise-in-intraday-trade-ahead-of-budget-announcement\/","title":{"rendered":"PSX witnesses rise in intraday trade ahead of budget announcement"},"content":{"rendered":"<p>KARACHI: Pakistan Stock Exchange (PSX) witnessed an upward trajectory on Wednesday, with shares climbing 900 points in <a href=\"https:\/\/dailyausaf.com\/en\/business\/psx-surges-nearly-10000-points-following-imf-loan-ceasefire\/\">intraday trade<\/a> ahead of the budget announcement on June 10.<\/p>\n<p>PSX benchmark KSE-100 Index climbed to an intraday high of 121,851.90, gaining 1,401.03 points, or 1.16%. The session&#8217;s low was recorded at 120,896.13, reflecting a gain of 445.26 points, or 0.37%.<\/p>\n<p>Sana Tawfik, head of research at Arif Habib Limited, attributed the bullish momentum to the news of the approval of a new financial package between Pakistan and the Asian Development Bank (ADB).<\/p>\n<p>The rally came as Prime Minister Shehbaz Sharif declared that talks with the International Monetary Fund (IMF) over the upcoming federal budget had been successful, hailing it as a step towards a new era of economic development.<\/p>\n<p>Speaking in Peshawar on Tuesday, he said the government\u2019s focus would now shift from stabilisation to sustainable growth, backed by institutional reforms.<\/p>\n<p>Meanwhile, Pakistan\u2019s economic team has reportedly persuaded the IMF to drop its demand for an increase in the Federal Excise Duty (FED) on fertiliser from 5% to 10% in the upcoming budget, a move expected to provide relief to the agriculture sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: Pakistan Stock Exchange (PSX) witnessed an upward trajectory on Wednesday, with shares climbing 900 points in intraday trade ahead of the budget announcement on June 10. PSX benchmark KSE-100 Index climbed to an intraday high of 121,851.90, gaining 1,401.03 points, or 1.16%. The session&#8217;s low was recorded at 120,896.13, reflecting a gain of 445.26 [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":53861,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3460,3461,29283],"class_list":["post-76565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-pakistan-stock-exchange","tag-psx","tag-psx-intraday-trade"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/76565","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\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=76565"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/76565\/revisions"}],"predecessor-version":[{"id":76567,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/76565\/revisions\/76567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/53861"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=76565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=76565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=76565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}