Karachi: The Pakistan Stock Exchange (PSX) recently witnessed a remarkable growth trend that managed to continue through to Monday — as it recorded the highest percentage growth it has managed to achieve over the last nine months, according to news sources. In this regard, the exchange successfully grew by 827 points to reach a new high of 38411.56 points; rising by 2.15% in this time period.
In addition, the value and volume of KSE-100 index shares also showcased a growing trend, with 268.8 million shares (amounting to PKR 12.6 billion) being traded during this time — the highest this number has been in the last 29 months.
As per reports, the International Monetary Funds’ (IMF) approval to grant PKR 250 billion to Pakistan, for the purpose of reducing the circular debt faced by the energy sector, led to a bullish activity in oil marketing companies (OMCs). Moreover, the other sectors trending positively on the stock market included banking, energy, cement, food, steel and chemicals.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
