In Pakistan Stock Exchange, there has been a steady rise in businessactivity since the beginning. The Pakistan Stock Exchange saw a revival ofthe 51,000-point mark, with the index increasing by 404 points to reach51,135 points. The last time the market crossed the 51,000-point level wasin May 2017.
The 100-index of the Pakistan Stock Market has reached its highest level insix years, which is expected to result in improvements in currency valueand 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 StockExchange’s 100-index increased by 0.9 percent, reaching 50,670 points.
Bloomberg’s data shows that Karachi Stock Exchange ranked second among morethan 90 global equity indexes tracked last month, with a 10 percentimprovement.
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Economists suggest that recent gains in the value of the Pakistani Rupee, asignificant rise in the secondary market for loans, and positive economicindicators will support new investments in the stock market.
According to the report, Pakistan’s stocks have seen a 23 percent increaseafter securing a $3 billion loan agreement with international financialinstitutions in June last year.