KSE-100 jumps to highest since 2017 on positive cues


Bulls continued their charge on the Pakistan Stock Exchange as the benchmark KSE 100-share Index jumped past the 49,000-mark to its highest in six years.

During the intraday trade, the PSX's benchmark index gained 560.20 points or 1.15% to jump to 49,324.50 points, the highest since June 9, 2017.

The benchmark index has gained 7,871 points since Pakistan signed a staff-level agreement with the International Monetary Fund for the $3 billion Standby Agreement.

Market analysts have attributed the constant rise in the market to a host of reasons — including the status quo maintained in the policy rate by the State Bank of Pakistan (SBP).

Head of Equities at Intermarket Securities Raza Jafri told Thenews.com.pk that the market has reacted positively to unchanged interest rates as the bullish momentum continued in August.


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