Pakistan Stock Exchange gains nearly 1,000 points
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The Pakistan Stock Exchange (PSX) on Monday gained more than 980 points after sluggish trading last week, reported 24NewsHD TV channel.
At the close of business, PSX’s benchmark KSE-100 index gained 982.77 points or 0.86% to reach 114,230.44 points as investors expressed optimism over further rate cut in upcoming monetary policy committee meeting.
Last week saw a reduction of 4,000 points. According to the weekly report, the KSE-100 Index saw a reduction of 4,340 points, or 3.69 per cent.
In the business week, the highest level of 100 Index was 118,735 points. The lowest level was 112,013 points.
As for trade, it was recorded at Rs3.91 billion in one week. Overall, the total business activity stood at Rs159 billion.
Reporter: Ayaz Rana