Pakistan Stock Exchange makes history at international front
Shares
In Pakistan Stock Exchange, there has been a steady rise in business activity since the beginning. The Pakistan Stock Exchange saw a revival of the 51,000-point mark, with the index increasing by 404 points to reach 51,135 points. The last time the market crossed the 51,000-point level was in May 2017.
The 100-index of the Pakistan Stock Market has reached its highest level in six years, which is expected to result in improvements in currency value and reduced inflation.
According to Bloomberg's report, at the end of the business day on Friday, a record increase was recorded in the stock market. Karachi Stock Exchange's 100-index increased by 0.9 percent, reaching 50,670 points.
Bloomberg's data shows that Karachi Stock Exchange ranked second among more than 90 global equity indexes tracked last month, with a 10 percent improvement.
Economists suggest that recent gains in the value of the Pakistani Rupee, a significant rise in the secondary market for loans, and positive economic indicators will support new investments in the stock market.
According to the report, Pakistan's stocks have seen a 23 percent increase after securing a $3 billion loan agreement with international financial institutions in June last year.
