Tuesday December 28, 2021

Positive Trend Witnessed At PSX On Second Day Of Week

Karachi: Positive trend witnessed at Pakistan Stock Exchange (PSX) on Second day of business week.

The market is being traded at 43, 956 after increase of 43 points. The market on previous day lost limit of 44, 000 after decreasing 204 points.

On yesterday, stocks struggled to find a floor on the first day of the future rollover week on Monday due to weak cues coupled with internal and external headwinds.

Uncertainty about the mini-budget, coupled with concerns regarding rupee-dollar parity, kept the investment climate negative.

According to reports, the government is all set to introduce the amended Finance, and State Bank of Pakistan (SBP) autonomy bills in Parliament for approval today (Tuesday) ahead of the sixth review of the $6 billion Extended Fund Facility (EFF) by the International Monetary Fund’s (IMF) executive board on January 12.

The bears dominated the proceedings and the benchmark KSE-100 index endured another round of stock selling, dipping over 200 points by the end of the session.

Yesterday , the benchmark KSE-100 index fell 204.95 points, or 0.46%, to close at 43,913.44 points.

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