The Pakistan Stock Exchange (PSX) reached a new all-time high as the KSE-100 Index surged by 588 points, hitting 82,800. This bullish momentum was driven by the anticipated approval of a $7 billion IMF loan and positive remarks from Prime Minister Shehbaz Sharif, boosting investor confidence. Key contributors to the rally included strong international stock […]
Tag: psx
PSX RALLIES AFTER EARLY SELL-OFF: INVESTORS TURN THE TIDE
KARACHI: Investor sell-offs put some initial pressure on the Pakistan Stock Exchange (PSX) last week, but as good economic news came to pass, the market recovered. A significant decision was made by the State Bank of Pakistan (SBP), which lowered its policy rate by 200 basis points to 17.5%, a level not seen since April […]