Stock market continues last week’s gains into Monday

KARACHI: The stock market showed fluctuations during the outgoing week, but managed to turn positive towards the end of the trading week.

Today, the benchmark KSE-100 index opened at 64,637.63 points, and quickly touched the highest of the morning at 65,173.87 points. By noon, the index had marginally settled down at 65,022.95 points – nearly 385 points above the opening level.

Should Pakistanis expect a cut in petrol, diesel prices for next fortnight?

PSX summary shows that energy and telecom sectors remained prominent in leading the growth of the Pakistan Stock Exchange (PSX), with some sporadic growth seen from the FMCGs segment.

IMF’s approval of the next tranche for Pakistan has lent strength to the investor sentiment at the stock market, coupled with improvement in Pakistani Rupee against the US Dollar.