ISLAMABAD – Weeklong performance of Pakistan Stock Exchange has shownsustainable growth patterns in the country.
The performance by the stock exchange exhibited the confidence reposed byinvestors in the PSX.It also demonstrated that the traders virtuallyrejected ‘dharnas’ and ‘marches’ as the KSE-100 index went up by over 4.65percent during the week ending on Friday.
The International Monetary Fund also concluded review of Extended FundFacility successfully by the weekend, which is positive for Pakistan.
The IMF confirmed that Pakistan met all the criteria set for the firstquarter by good margins, hence a staff-level agreement was reached at onthe first review under EFF.
In an another development, key inflation indicator, the Consumer PriceIndex (CPI) eased in October and stood at 11 percent compared to the samemonth of previous fiscal year.
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Meanwhile, the total liquid foreign reserves held by the country stood at15,517.9 million dollars as on 1st of this month.
The figures show that the foreign reserves held by State Bank of Pakistanstood at 8.357.6 million dollars whereas the net foreign reserves held bycommercial banks stood at 7,160.3 million dollars.
