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.
Daily Times
May 24, 2021
Dropping coronavirus cases across the country and positive developments at economic and political fronts are likely to boost investors’ confidence and wane away concerns of rollover week and monetary rate announcement this week.
The Pakistan Stock Exchange (PSX) will most probably cross the 46,000-mark on Monday (today) amid favourable budgetary measures for the capital market in the upcoming budget that also kept the momentum green last week. The stock market is likely to remain positive this week on expectation of no change in policy rate in the monetary policy statement scheduled to be announced on May 28 (Friday).
PSX ends second successive week in green tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.