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Stocks rise tracking oil, regional peers
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Stocks rise tracking oil, regional peers
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
KSE-100: Upbeat sentiments on revised-up GDP growth projections lifts index by 182 points
May 25, 2021
Bullish momentum continued at Pakistan Stock Exchange (PSX) in the first session of the week following a positive momentum build-up on Friday, as investors continued to cheer the revised-up GDP growth projections and expectations of a people friendly- populist budget.
On Monday, the benchmark KSE-100 index closed above 46,000 index level after gaining about 182 points by the closing bell, as the Index remained positive throughout the session touching an intraday high of 46,314.39.
Market participants closely followed the political developments, and cheered resolution of disputes between the members of the ruling party.
Market watch: KSE-100 maintains uptrend, rises 204 points
Benchmark index advances 0.44% to close at 46,300.66
Shares of 418 companies were traded. At the end of the day, 232 stocks closed higher. PHOTO: FILE
KARACHI:
The Pakistan Stock Exchange maintained its uptrend on Tuesday with an increase of 204 points in the KSE-100 index as investors were optimistic that the country would end the ongoing fiscal year with a current account surplus.
Despite a contraction of $200 million in the current account surplus in April 2021, as reported by the State Bank of Pakistan during the trading session, investors remained undeterred and took fresh positions at the bourse.
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