Global News

[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) jumped up by 1,000 points to around 48,900 in the early trading hours on Friday. The market invited the outstanding renewed buying from investors after the global stock market index provider Morgan Stanley Capital International (MSCI) announced to add record 15 Pakistani listed companies into its MSCI Frontier Market Index. The development is expected to create foreign investors' interest in the domestic stock market. Later on in the day, PSX benchmark KSE 100 Index dropped to 48,410 points at around 10:50 am, reducing the substantial early morning gains to around 600 points on profit booking. Read PSX braces for downturn after budget reveal Topline Securities CEO Muhammad Sohail said in a comment "Pakistan market rallied 1,000 points in early morning trade after MSCI added record Pakistan listed companies in its indices." He wrote on social media platform X, ”record 15 listed companies being added to the mai...

[ad_1] Following Pakistan's staff-level agreement with the International Monetary Fund (IMF) over the weekend, Pakistan Stock Exchange (PSX) Monday witnessed a bullish trend as the KSE-100 benchmark index gained over 2,200 points. In an extraordinary turn of events, the Pakistan Stock Exchange (PSX) experienced a remarkable surge in its indices on the first working day following the successful conclusion of a highly anticipated $3 billion deal with the International Monetary Fund (IMF). The stock market halted briefly within the first 10 minutes of trading as the KSE30 index soared by an impressive 5%, causing the session to restart later at 10:37 pm. The KSE100 index, a prominent benchmark of market performance, displayed a significant upswing of 2,231.1 points to reach 43,683.78 points. On Friday, IMF reached a staff-level agreement with Pakistan on a $3 billion stand-by arrangement. The international lender said this in a statement – a decision long awaited by the c...