News

Share prices soar at Pakistan Stock Exchange

Index up by 467 points at midday

August 4, 2022 12:51 PM


Stocks bullish trend continued on Thursday as the benchmark KSE-100 index gained 467.55 points or 1.14 percent by midday 11:35 am to reach 41,536.42 points, reported 24NewsHD TV channel.

The rupee’s sharp recovery and surging global equities were feeding into improved sentiment in the stock market.

Experts said that investors who had lost interest in the last few months are now circling back.

Stocks are bouncing back since yesterday when the Pakistani Rupee recovered by Rs9.59, making the largest single-day gain in decades after weeks of battering amid political and economic turmoil.

Miftah Ismael in his recent interview said that the Chinese rollover of debt and the International Monetary Fund’s (IMF) Staff Level Agreement would bring stability and confidence to the Pakistani market. 

IMF had completed all prior actions required for the seventh and eighth reviews and acted as a catalyst in the stock market’s rise.

Reporter Ashraf Khan 



Most Read

  1. Here are some unknown facts about Mahira Khan hubby Salim Karim Here are some unknown facts about Mahira Khan hubby Salim Karim
  2. Punjab declares high alert as Nipah Virus threat looms large Punjab declares high alert as Nipah Virus threat looms large
  3. Here's something significant about Mahira Khan’s destination wedding Here's something significant about Mahira Khan’s destination wedding
  4. Former gang leader charged with rapper Tupac Shakur's 1996 murder Former gang leader charged with rapper Tupac Shakur's 1996 murder
  5. Another video of randy biker harassing female student in Karachi surfaces Another video of randy biker harassing female student in Karachi surfaces
  6. Aagha Ali trip without Hina Altaf sparks separation rumors Aagha Ali trip without Hina Altaf sparks separation rumors

Opinion

  1. India’s invasion of Kashmir is violation of UN Charter
    India’s invasion of Kashmir is violation of UN Charter

    By Dr Ghulam Nabi Fai

  2. World Suicide Prevention Day: Creating Hope Through Action
    World Suicide Prevention Day: Creating Hope Through Action

    By Dr Asif Channer

  3. Gender equality: A pre-requisite for a balanced society
    Gender equality: A pre-requisite for a balanced society

    By Mehak Sabir

  4. Time to move on and build a better Pakistan
    Time to move on and build a better Pakistan

    By Murtaza Rafiq Bhutto

  5. Asif Zardari as next PM could potentially unite political parties for economic stability
    Asif Zardari as next PM could potentially unite political parties for economic stability

    By Rehan Khan Ghauri