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.
Weekly Review: KSE-100 posted gains of 740 points, ends just shy 46,000
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KSE-100: Stocks plunge as political worries weigh heavy
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KSE-100: Positive economic indicators lifts stocks; index closes just shy of 46,000 level
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KSE-100: Stocks extends winning streak; index up 231 points
May 7, 2021
Bullish momentum continued to rule the market sentiments at Pakistan Stock Exchange (PSX) as stock extended its winning streak into the third day owing to positive news-flow over resolution of long term IPP issue and government’s decision to renegotiate tariffs and tax issue with the IMF, lifted market sentiments.
On Thursday, the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,245.37 level after gaining over 301.76 points. However, the index clocked at 45,174.67 level by the closing bell after posting a 231 points gain.
During the session, investor sentiments were primarily buoyed by the news regarding the resolution of the long-awaited IPPs issue following the Economic Coordination Committee’s decision to pay the first tranche of outstanding dues of one set of IPPs, and further delay the payments of unpaid bills of another is discriminatory given that the government has sign