KARACHI – Another landmark was achieved on Tuesday when the Pakistan Stock Exchange crossed the 54,000 mark during early intraday trading, as the market continued benefiting from the interest shown by local investors who are expecting that there won’t be any more rake hikes given a declining inflation and a positive outcome of the ongoing talks with the International Monetary Fund .
Earlier on Monday, the KSE-100 Index had closed at 53,860.36, thus setting a new high in the Pakistan Stock Exchange’s history, as the cement, fertilizer, banking, and power sectors kept propelling the market. Islamabad has already implemented the IMF demands – ranging from hiking the fuel prices to the power and gas tariffs while slashing subsidies – which are meant to reduce fiscal deficit. Thus, the privatisation of loss-making SOEs is naturally the next stage.
Meanwhile, other factors are also contributing to the prevailing bullish trend visible in the stock market – improved macroeconomic indicators , the steps taken to control smuggling by regulating the Afghan Transit Trade and the strong performance shown by the agriculture sector, including bumper rice and cotton crops.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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