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Maroc Maroc - WN.COM - Business - 28/Sep 02:52

PSX scales new peak on geopolitical, economic developments

KARACHI: The Pakistan stock market recorded historic gains in the outgoing week, buoyed by a series of geopolitical and economic developments that have bolstered investor confidence. The KSE-100 index crossed the 162,000-point threshold for the first time, driven largely by the US-Pakistan leadership meeting, a landmark circular debt agreement, and progress on external account support from Gulf countries. The market gained 2.7 per cent week-on-week, with the index closing at 162,257 points. Average daily traded volume increased to 1.67bn shares, with a daily average traded value of Rs60bn. Key drivers included the signing of a Rs1.275tr financing facility with 18 commercial banks to address...

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