On Wednesday, shares at the Pakistan stock exchange were on rise since the beginning, with the benchmark KSE-100 index up 588 or 1.32 per cent, to reach 45,079 by 10am.
The commercial banks added 116 points to the benchmark index, followed by cement stocks with 82 points.
The government’s government’s first foray into the international market supported the surge and raised raised $2.5 billion in three dollar bonds of five, 10 and 30 years
Receiving over 50pc oversubscription to $5.3 billion, this was the first international capital market transaction since the PTI came to power in August 2018.
While talking on development, newly-appointed Finance Minister Hammad Azhar said: “With five, 10 and 30 year Eurobonds at 6pc, 7.375pc and 8.875pc, leading global investors showed great confidence in our country’s economy and future outlook.”
