{"id":98,"date":"2023-11-07T06:51:27","date_gmt":"2023-11-07T06:51:27","guid":{"rendered":"https:\/\/awamimission.com\/en\/?p=98"},"modified":"2023-11-07T06:51:43","modified_gmt":"2023-11-07T06:51:43","slug":"stocks-at-psx-cross-54000-mark-during-intraday-trade","status":"publish","type":"post","link":"https:\/\/awamimission.com\/en\/stocks-at-psx-cross-54000-mark-during-intraday-trade\/","title":{"rendered":"Stocks at PSX cross 54,000 mark during intraday trade"},"content":{"rendered":"\n

KARACHI: The Pakistan Stock Exchange (PSX) continued its bullish run for the third consecutive session on Tuesday as the KSE-100 index crossed the 54,000 mark on hopes of an International Monetary Fund (IMF) review among other factors. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"The
The KSE-100 index at 10:00am. \u2014 PSX <\/figcaption><\/figure>\n\n\n\n

Pakistan-Kuwait Head of Research, Samiullah Tariq, told Geo.tv<\/em>: “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.”<\/p>\n\n\n\n

The increase was also driven by the announcement of the general elections as investors hoped for the much-needed political stability in the country.<\/p>\n\n\n\n

The IMF\u2019s 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.<\/p>\n\n\n\n

The tranche would go through if both sides can strike a staff-level agreement at the end of the talks.<\/p>\n\n\n\n

A day earlier, the PSX had gained 737.33 points or 1.39% to close at 53,860.37 points. <\/p>\n","protected":false},"excerpt":{"rendered":"

KARACHI: The Pakistan Stock Exchange (PSX) continued its bullish run for the third consecutive session on Tuesday as the KSE-100 index crossed the 54,000 mark on hopes of an International Monetary Fund (IMF) review among other factors.  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…<\/p>\n","protected":false},"author":1,"featured_media":100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,8,10],"tags":[],"class_list":["post-98","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-pakistan"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/awamimission.com\/en\/wp-json\/wp\/v2\/posts\/98","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/awamimission.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/awamimission.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/awamimission.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/awamimission.com\/en\/wp-json\/wp\/v2\/comments?post=98"}],"version-history":[{"count":1,"href":"https:\/\/awamimission.com\/en\/wp-json\/wp\/v2\/posts\/98\/revisions"}],"predecessor-version":[{"id":99,"href":"https:\/\/awamimission.com\/en\/wp-json\/wp\/v2\/posts\/98\/revisions\/99"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/awamimission.com\/en\/wp-json\/wp\/v2\/media\/100"}],"wp:attachment":[{"href":"https:\/\/awamimission.com\/en\/wp-json\/wp\/v2\/media?parent=98"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/awamimission.com\/en\/wp-json\/wp\/v2\/categories?post=98"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/awamimission.com\/en\/wp-json\/wp\/v2\/tags?post=98"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}