Pakistan Stock Exchange Responds High To Govt's Pro-economy Steps

Faizan Hashmi Published April 03, 2020 | 09:56 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.