PSX: KSE-100 gains hike past 46,000-point mark

The Pakistan Stock Exchange (PSX) continued its restoration on the first trading day of rollover week on Monday with the benchmark KSE-100 index gaining about 180 points as positive macros helped the index surpass the 46,000-point mark.

The uptrend was pushed by the National Accounts Committee (NAC)’s provisional estimate of 3.94% gross domestic product (GDP) growth for Pakistan in the present fiscal year, which might finish on June 30.

Investors rejoiced the news of a business-friendly budget with Finance Minister Shaukat Tarin hoping that in the next fiscal year the government could obtain 5% economic progress.