Bullish trend in stock exchange

The Pakistan Stock Exchange has seen a bullish trend on the first business day of the week, with the benchmark SE-100 index gaining 322 points today. The KSE-100 index rose 322 points or 0.5 percent to 65,138 at around 10:51 a.m., according to the PSX website. It should be noted that on March 15, the last business day of the week, the index closed at 64 thousand 816 after a decrease of 247 points.

Bullish Trends in Pakistan’s Stock Market

A day earlier, the benchmark SE-100 index had regained the psychological level of 65,000 after increasing by 1,015 points. Yusuf M. Farooq, director of research at Chase Securities, described the bullish trend as a clear picture on the global and economic front.

Bullish trend in stock exchange

On March 14, the KSE-100 index closed at 64,48 after a decline of 753 points or 1.16%. Owais Ashraf, director of Akshir Research, attributed the bearish trend to investors’ cautious attitude towards the IMF talks, which are beginning under the leadership of new finance minister Muhammad Aurangzeb, ‘which has marked a difficult period this year. Declared’.

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He had further said that the inflationary pressure has also increased on the occasion of the arrival of Ramadan, which can be seen from the sensitive price index, as a result of which the chances of reducing the interest rate in the upcoming monetary policy meeting have decreased.

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