Pakistan Stock Exchange Market Surges: Gains 1,000 Points

 Pakistan Stock Exchange Market Surges: Gains 1,000 Points

Pakistan Stock Exchange Market Surges: Gains 1,000 Points

KARACHI: The Pakistan Stock Exchange (PSX) gained 484.35 points in yesterday’s session. Today, before 1 p.m., the index had more than doubled its gains.

PSX has been on a strong recovery for nearly two weeks. Except for sporadic downturns over the last fortnight, the index has remained positive. Since Monday, the benchmark KSE-100 index has posted moderate but consistent gains.

However, on Tuesday, the index closed down 86 points. Yesterday (Wednesday), the market closed on a high note, and the trend continued today (Thursday).
The benchmark KSE-100 index opened at 63,703.44 points and was hovering around 64,703.86 points by 1 PM, representing a 1,000-point gain.

Since the beginning of the current week, sectors other than energy and E&P have led both the increase and decline. This represented a positive movement for the index, indicating a broader recovery.

The market snapshot at around 11 a.m. looked like this:

Also Read: Interim government greenlights Iran-Gwadar gas pipeline

ISLAMABAD: In order to address the nation’s ongoing energy shortages, the caretaker government approved the building of a vital gas pipeline on Monday, connecting the Iranian border to Gwadar.

The project to build the Iran-Pakistan gas pipeline. Which has delayed since 2013, is one step closer to reality with the approval from the caretaker cabinet.

The Cabinet Committee on Energy gave its approval. And the caretaker cabinet decided to move forward with building an 81-kilometer (km) gas pipeline. read more………………..

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