KARACHI (Dunya News) – Supported by the recent tranche of $1.1 billion by the International Monetary Fund (IMF) and positive sentiments permeating through the market with the upcoming arrival of international guests for the Shanghai Cooperation Organistaion (SCO) Summit being hosted by Pakistan, the Pakistan Stock Exchange on Monday broke the 84,000-point barrier.
At the start of the week’s trade, the KSE-100 index scaled 84,116 points after gaining 584 points.
It must be noted that the PSX mostly witnessed an upward mobility during the last week despite brief hiatuses of bearish trend.
STOCKS FALTER AFTER BRIEF UPWARD SPIRAL
A temporary thaw on political landscape coupled with economic stability achieved after the International Monetary Funds’ (IMF) first tranche on Sept 30, the Pakistan Stock Market (PSX) continued to witness upward mobility in the first half of the day in the middle of the week with shares started to decline after a while.
The KSE-100 index stood at 82,308 points after losing 228 points during the mid of last week.