The Pakistan Stock Exchanges PSX benchmark KSE index crossed the mark on Monday for the first time in almost two years after gaining more than points . The stock market had last achieved this milestone on August . The market recorded an increase of .
points at am up . per cent from the previous close of just over . points . A number of international delegations are coming to Pakistan including the Chinese vice premier and agreements on refineries and minerals are expected to be reached . Working on the ChinaPakistan Economic Corridor CPEC has also begun Naqvi pointed out .
The monetary policy announcement which is due today may create a hurdle in the markets performance . Meanwhile Dalal Securities CEO Siddique Dalal said that there was positive news in the market regarding the release of Rs billion to reduce the circular debt.
This means the oil sector will get money resulting in higher dividends. However Dalal says that the monetary policy announcements which is expected to create a significant hurdle in Pakistan is due to be made today may also be a hurdle to the market performance.
The market was bolstered by the announcement of a collaboration among four stateowned enterprises and Saudi Arabia to execute a substantial bn refinery project within Pakistan to execute the refinery project in Pakistan. The oil sector would be boosted by a substantial refinery project.
The announcement of an agreement between four Pakistani state-owned enterprises to execute Aqqatahahahatahatatahad would be discussed. The agreement between Saudi Arabia and Aqatatatam would provide a boost to a substantial amount of cash to Pakistan’s market’ll be a significant boost to the country’ttahahad’Sahatam’aqatam.
