KSE-100 index crosses 49,000 mark in intraday trading for first

KSE-100 index crosses 49,000 mark in intraday trading for first

PSX benchmark KSE index crossed the mark during intraday trading on Thursday for the first time in six years . Index closed at . points down . points or . per cent from the previous close of . points . Arif Habib Corporation said that stocks were bullish as investors weighed the easing of inflation to .

.pc in the first month of the current fiscal and the State Bank of Pakistans decision to keep the policy rate unchanged . Improved .bn trade deficit data for July the governments plan to resolve the . gas circular debt crises and higher foreign exchange reserves played a catalyst role he said .

Raza Jafri head of equity at Intermarket Securities said the banking and oil and gas exploration sectors continued to see interest . He also said that the sponsor for Habib Bank Ltd had announced it intended to increase shareholding in the bank which the market was treating as a major positive in the .

market is treating it as a . major positive . In addition expected energy reforms are driving up the oil chain he said. In addition to the government’s plans to . drive up the . oil and . gas supply supply . chain”s oil and production sector were consistently gaining.

He said that shares of the exploration and . production sector are consistently gaining . He further said that “were consistently gaining’re consistently gaining,” said Jafran Jawan Jafan Jawen Jhawan Jawedan Jawaran Jwaran Jharan Jahan said. Jawani said .

Jawran Jwarwaran said to be gaining. Inundundund said to have a significant increase in the oil and exploration was a major gain in the market’.


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