- The KSE-100 index closed at 122,761.64, up 515.01 points, or 0.42%.
- The index reached an intrajournal summit of 123,256.55, winning 1,009.92 points, or 0.83%.
- He touched a hollow session of 122,168.76, down 77.87 points, or -0.06%.
The scholarship continued its bullish momentum on Wednesday while the feeling of investors remained optimistic in the midst of the softening of geopolitical tensions and the strengthening of domestic indicators.
The KSE-100 index of Benchmark Kse-100 of Pakistan Stock Exchange (PSX) closed at 122,761.64, up 515.01 points, or 0.42%, compared to the previous fence of 122,246.63.
During the session, the index climbed to an intraday summit of 123,256.55, winning 1,009.92 points, or 0.83%, and affected a minimum of 122,168.76, reflecting a marginal drop of 77.87 points, or -0.06%.
“The actions have shown a resumption while investors weigh the cease-fire talks in Israel-Iran,” said Ahsan Mehanti, Managing Director and Chief Executive Officer Habib Commodities.
“The rise in global actions, the deliberations on the privatization of public enterprises, the strong rupe and the determination of the government on the management plan for circular debt played a role of catalyst in optimistic activity at PSX,” he added.
Investor confidence has also supported a new $ 350 million financing contract between Pakistan and the Asian Development Bank (BAD), aimed at stimulating financial inclusion and women’s entrepreneurship.
Signed by the additional secretary of the economic affairs division Sabina Qureshi and Dinesh Raj Shiwakoti of ADB, the package includes a loan based on policies of $ 300 million and a financial intermediary loan of $ 50 million (FIL) signed by the State Bank of Pakistan.
Consumers’ feeling has also improved in particular. The latest edition of Pakistan Consumer Confidence Index (CCI) – A joint Dun & Bradstreet and Gallup Pakistan initiative – has shown an increase of 9.2% of a quarter and an improvement of 24.6% in annual shift.
The index increased to 96.2 points compared to the 88.1 of the previous quarter, reflecting the growing optimism of household financial perspectives and economic recovery expectations.
Meanwhile, global oil markets have cooled considerably, lightening inflationary concerns. Brent Brut fell 5.2% to $ 67.75 per barrel, while WTI dropped from $ 5.4% to $ 65.01 after Israel accepted the cease-fire proposal from US President Donald Trump with Iran, which stopped a temporary stop at the 12-day conflict.
Tuesday, the KSE-100 index had jumped 6,079.17 points, or 5.23%, to end at 122,246.64. He had affected a summit of 122,725.21 and a minimum of 120,369.54 during the session, marking the second largest point gain in one day in the history of the index.