KSE-100 Hovers Around 140,000

KSE-100 hovers around 140,000

The Pakistan Stock Exchange (PSX) witnessed a positive trading session on Friday, with the benchmark KSE-100 index gaining 515 points, or 0.37%, to close at 139,207, buoyed by growing optimism over a potential interest rate cut and improved investor sentiment following a sovereign credit rating upgrade. Market participants engaged in selective buying, encouraged by expectations of a 50 basis points rate cut in the upcoming monetary policy announ…

PSX gains 515 point amid rate cut hopes, S&P upgrade

KSE-100 hovers around 140,000 KARACHI The Pakistan Stock Exchange (PSX) witnessed a positive trading session on Friday, with the benchmark KSE-100 index gaining 515 points, or 0.37%, to close at 139,207, buoyed by growing optimism over a potential interest rate cut and improved investor sentiment following a sovereign credit rating upgrade. Market participants engaged in selective buying, encouraged by expectations of a 50 basis points rate cut …

PSX surges as KSE-100 gains over 500 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) observed a bullish trend on Friday, as the standard KSE-100 Index climbed 514.62 points, or 0.37 percent. The benchmark index settled at 139,207.29 at the closing, as against 138,692.67 on the last trading day. Trading volume stayed strong, with 634.81 million shares exchanged, somewhat lower than the 648.80 million traded earlier. The total market capitalisation stood at Rs24.61 billion, decreased fr…

PSX rebounds sharply as benchmark index gains over 500 points

The Pakistan Stock Exchange (PSX) rebounded on Friday, gaining over 500 points as investor sentiment was buoyed by S\&P Global’s upgrade of Pakistan’s sovereign credit rating from ‘CCC+’ to ‘B-’. At the close of trading, the benchmark KSE-100 index settled at 139,207.28, reflecting an increase of 514.62 points or 0.37%. Positive activity was seen across key sectors, including automobile assemblers, commercial banks, oil and gas exploration compa…