PSX opens after rally, but political turmoil might trigger bearish run

KARACHI: Pakistan Stock Exchange (PSX) opens at 79,333.05 points after breaching the 80,000 points mark on Friday afternoon and closing the week in green.

PSX weekly roundup: SBP’s rate cut, IMF’s optimism resulted in a bullish week

The outgoing week brought optimism through lower policy rate by the State Bank of Pakistan (SBP) and the expectation of approval by the International Monetary Fund (IMF) for the $7 billion Extended Fund Facility (EFF) program.

This week, however, opens amidst heightened political uncertainty that might dilute some of the carried forward investor confidence from last week.

Petrol, diesel prices further slashed in Pakistan

Nevertheless, economic indicators continue to improve, with the petrol and diesel prices further slashed by Rs 10 per liter and Rs 13.06 per liter, respectively.