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KARACHI: On the first day of the new business week, bulls are dominating the trading floor at the Pakistan Stock Exchange (PSX). The KSE-100 index reached the historic milestone of 69,000 points during intraday trade on Monday
It has gained 597.80 points till 11:39 am to reach 69,014.58 amid hopes of witnessing more gains till closing of the market.
Read More: PSX hopes to get off flying start this week
This comes as the country’s economy is beginning to revive and investors are expecting the State Bank of Pakistan to lower interest rates.
It also comes after Prime Minister Shehbaz Sharif was visited by Saudi Crown Prince Mohammed bin Salman during an iftar meal in Makkah when it was anticipated that the Kingdom would invest $1 billion in the Reko Diq project.
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