In the face of robust foreign investment commitments, rising global crude oil prices, and anticipations of additional monetary easing by the State Bank of Pakistan (SBP), the capital market maintained its upward momentum on Wednesday, finishing with moderate gains.
The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) closed at 113,342.43, up 253.96 points, or 0.22%, from its closing price of 113,088.47. While the index’s lowest point of the day was 113,060.25, it reached an intraday high of 114,029.75.
Ahsan Mehanti, Managing Director and CEO of Arif Habib Commodities, stated, “The bull run at PSX was triggered by WB [World Bank] support for SOE privatization, pledge [of] over $40 billion investment, and WB praising government commitment to reforms.”
