A man uses a mobile phone as he takes a photo of the electronic board displaying share prices during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan November 28, 2023. REUTERS/Akhtar Soomro/FilesKARACHI : Pakistan's benchmark share index touched a lifetime high on Monday, breaching the key level of 74,000 points, and was trading up 1.3 per cent.
Amreen Soorani, head of research at JS Global Capital, said stock market valuations were recovering as talks with the IMF and reforms progressed, and foreign investors showed interest.Pakistan's consumer price inflation slowed to 17.3 per cent in April from a year earlier, the lowest reading in nearly two years and below the finance ministry's projections.
"Corporate profits are strong, the market's multiple is still only around 4, which is well below the historical average of 6, including the distressed times in this average," she added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pakistan central bank expected to hold rates on Monday ahead of IMF deal, Reuters poll findsKARACHI : Pakistan's central bank is widely expected to hold its key interest rate at a record 22 per cent for the seventh straight policy meeting on Monday as Pakistan gears up for an International Monetary Fund board approval and talks on a longer term programme.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Shanghai Electric Power pulls offer to buy stake in Pakistan's K-ElectricKARACHI, Pakistan : Shanghai Electric Power Company withdrew its offer to acquire up to 66.4 per cent of Pakistani power company K-Electric, the manager of the offer said in a notice to the Pakistan Stock Exchange on Monday.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore stocks started on a lower note on Monday—STI slipped 0.1%Straits Times Index (STI) took a slight dip of 0.1%, or 3.05 points, to 3,287.65
Source: IndependentSG - 🏆 2. / 72 Read more »
OpenAI plans to announce Google search competitor on Monday, sources sayOpenAI plans to announce its artificial intelligence-powered search product on Monday (May 13), according to two sources familiar with the matter, raising the stakes in its competition with search king Google. The announcement date, though subject to change, has not been previously reported.
Source: asiaonecom - 🏆 10. / 59 Read more »
Singapore shares rose on Monday—STI up by 0.3%Straits Times Index (STI) started the day by 8.31 points or 0.3%, reaching 3,301.24
Source: IndependentSG - 🏆 9. / 63 Read more »
Is RM5,000 salary high for Malaysian prata chef in Singapore?A recent job advertisement promising a monthly salary of RM5,000 (S$1,420) for a Malaysian prata chef in Singapore has sparked a debate on the wages of prata cooks.
Source: stompsingapore - 🏆 11. / 53 Read more »