PSX crosses 62,000 points milestone
According to the PSX website, the KSE-100 index struck 62,401.94 at 9:40am, up 710.69 points or 1.15 per cent, from the previous close of 61,691.25.The benchmark KSE-100 index had sustained its rally over the past two weeks, which analysts had attributed to attractive valuations and the successful conclusion of a staff-level deal with the International Monetary Fund (IMF).Earlier it emerged that the the IMF executive board is likely to approve the staff-level agreement with Pakistan on December 07.The IMF executive board meeting will likely be held on December 7 and is expected to consider Pakistan’s case in the meeting.Sources said that after the approval from IMF’s Executive Board around US$700 million will be available to Pakistan, bringing total disbursements under the program to almost US$1.9 billion. SuchTV, 04 Dec, 2023
Visit to News Source Webpage
More Business & Finance News
View More News
Disclaimer:
All information on this page are taken from third party reliable sources of relevant industry channels, with simple aim just for general information for our users. Hamariweb never endorse or recommend for any trading advice as well as accuracy of data provided here.