The Pakistan Stock Exchange (PSX) benchmark KSE-100 index surpassed 48,000 points after adding 1,026 points at the start of the final trading day of the week.
According to stockbrokers, the PSX is responding positively as investor confidence is restored following good developments in the country, such as the completion of the present government’s tenure and the restart of the International Monetary Fund (IMF) loan programme.
The Korean Stock Exchange-100 index is now trading at 48,834 points. Brokers believe the market will cross the 50,000 milestone in the near future.
The Pakistan Stock Exchange received $26 million in foreign investment during the current week.
Meanwhile, the MSCI Frontier Marketing Index has added 15 new businesses.
Earlier this month, the KSE-100 index surpassed 49,000 points as the SBP received the first installment of the International Monetary Fund’s (IMF) loan.
It should be remembered that the PSX’s 1OO-index was at 49,000 on June 8, 2017 and that the market fluctuated after that.