DefinePK hosts the largest index of Pakistani journals, research articles, news headlines, and videos. It also offers chapter-level book search.
2023-11-07 06:56:57
00:00:23
Urdu
psx new update right share new stock in share market right share trading pakistan stock all time high news headlines psx breach the record of last 6 years pakistan news headlines business news breaking news stock research shares kse 100 index chart kse 100 share price kse 100 index chart tradingview whynews karachi karachi stock exchange stock exchange karachi stochastic latest news a complete chart overview news updates shares at psx
Video content is provided via the
YouTube platform.
All rights and ownership belong to the original content creator.
Source channel:
Geo News
PSX reaches new high as KSE-100 shoots past 54,000 points
KARACHI: The Pakistan Stock Exchange (PSX) reached a new peak on Tuesday as it crossed the 54,000 barrier in hopes of a positive outcome from ongoing talks with the International Monetary Fund (IMF).
The KSE-100 index continued its bullish run for the third consecutive day and gained 417.69 or 0.78% during the intraday trading to reach at 54,278.05 points.
Pakistan-Kuwait Head of Research, Samiullah Tariq, told Geo.tv: "Expectations of monetary policy's rate cut and the strong profitability of the companies are among the driving forces that shored up the KSE-100."
The increase was also driven by the announcement of the general elections as investors hoped for the much-needed political stability in the country.
The IMF’s review mission is in Pakistan currently to complete the first review under the $3 billion loan programme and the possibility of releasing the second tranche of $700 million by the end of December 2023.
The tranche would go through if both sides can strike a staff-level agreement at the end of the talks.
A day earlier, the PSX had gained 737.33 points or 1.39% to close at 53,860.37 points.
Do not miss an important news update ever. Subscribe and hit the bell icon to subscribe to Geo News alerts https://bit.ly/3rDNo5j
Geo News is Pakistan's Number. 1 news channel, catering to a diverse audience with the latest updates on local and global political developments, sports, business, and entertainment. Known for its dedicated news services and top-notch coverage of breaking events, Geo News has established a markedly distinct position in the electronic media landscape. The ethos of transparency and accountability lies at the heart of Geo's principles, solidifying its stature as one of the most trusted sources of information both within Pakistan and beyond.
Watch Geo News LiveStream: https://youtube.com/live/O3DPVlynUM0
Visit our Website for More Latest Update - https://www.geo.tv/
Twitter Urdu: https://twitter.com/geonews_urdu
Twitter Eng: https://twitter.com/geonews_english
Facebook Urdu: https://www.facebook.com/GeoUrduDotTv/
Facebook Eng: https://www.facebook.com/GeoEnglishdotTV/
Instagram Urdu: https://www.instagram.com/geourdudottv/
Instagram Eng: https://www.instagram.com/geonewsdottv/
TikTok: https://www.tiktok.com/@geonews
#BreakingNews
#GeoNews