Pakistan Stock Exchange Responds High To Govt's Pro-economy Steps
Sumaira FH Published April 03, 2020 | 08:37 PM
Pakistan Stock Exchange (PSX) on Friday closed high at 31,621 level with 839 points gain to its KSE-100 index; showing record recovery on second consecutive day
KARACHI, (UrduPoint / Pakistan Point News - 3rd Apr, 2020 ) :pakistan stock exchange (PSX) on Friday closed high at 31,621 level with 839 points gain to its KSE-100 index; showing record recovery on second consecutive day.
On Thursday, KSE-100 index closed at 30,782 points after increase of 1277 points.
Former director psx and a leading broker Amin Yousuf commented that PSX has positively responded to the Federal Government's decisions and measures aimed at supporting various economic sectors in the difficult economic situation created by spread of COVID-19 pandemic. Besides, he said, the swift recovery of capital market in Pakistan was also linked to recovery of the capital markets in many countries and that petroleum prices were also coming up. At local level, cement sector was also improving.
He was hopeful of further pick up by PSX next week reacting to the expected good package for real estate sector from Prime Minister Imran Khan.
Related Topics
Recent Stories
Saka and Odegaard start for Arsenal, Guerreiro in Bayern midfield
Qatar PM says re-evaluating Israel-Hamas mediation role
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinou ..
Minister appreciate UAE’s support for Pakistan economic challenges
Manchester City v Real Madrid Champions League starting line-ups
MIGA's support Pakistan in attracting foreign investments: Federal Minister for ..
Walker returns to captain Man City for Real Madrid clash
Action taken against price list violations in Khanewal district
DC chairs review meeting of DEG
Turkey accuses Israel's Netanyahu of using war 'to stay in power'
Pakistan ranked 5th most vulnerable country to climate change. Tirmizi
Nadal comeback ends in Barcelona Open second round
More Stories From Business
-
Minister appreciate UAE’s support for Pakistan economic challenges
1 hour ago -
MIGA's support Pakistan in attracting foreign investments: Federal Minister for Finance, Muhammad Au ..
1 hour ago -
International financial partners to invest $1.8 bln in KP: Advisor
2 hours ago -
Uzbek envoy invites FPCCI leadership to attend Tashkent Int'l Investment forum
3 hours ago -
Women development imperative for sustainable economic prosperity: Lansana Wonneh
3 hours ago -
Finance Minister, highlights geo-economic fragmentation, its impact on Pakistan
3 hours ago
-
High Tobacco tax prevails over propaganda, reduces cigarette consumption
5 hours ago -
SECP grants registration to first digital insurer
5 hours ago -
European stock markets rebound after heavy losses
5 hours ago -
SECP files complaint against two individuals on violation of trading
5 hours ago -
Govt prioritize to peruse economic reform agenda for sustainable economic development: Minister
5 hours ago -
IMF says global debt levels face 'Great Election Year' risk
6 hours ago