With a more than 1,400-point increase in the benchmark index, PSX begins the week strongly.
The benchmark KSE-100 Index gained more than 1,400 points during intraday trading, giving the Pakistan Stock Exchange (PSX) a very good start to the week’s first trading session.
This spike comes after the KSE-100 Index had a solid close last Friday, gaining 414 points, which prepared the ground for today’s rally. The index rose 1,471 points to reach 118,788 points, surpassing the 118,000-point threshold with this remarkable increase.
The positive impetus is attributed by experts to significant advancements in the reduction of circular debt. In a significant effort to lessen the financial strain on the energy sector, the government is scheduled to start making payments on a low-interest loan arrangement worth Rs 1,275 billion with 18 banks next month.
Throughout the session, equities in the oil and gas industry were in the spotlight, which increased investor confidence even further.
