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KSE-100 crosses 48,000 mark touching another 4-year high dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
KSE-100 records impressive 770-point gain, edges towards 48,000 level All share index volume stood at 1.4 billion shares
June 1, 2021
Stocks advanced at Pakistan Stock Exchange on Monday, putting the benchmark KSE-100 index headed towards 48,000 level as a bull-run continues with strong volumes.
On Monday the index clocked at 47,896 level after gaining around 770 points by the closing bell, as the Index remained in a positive territory throughout the session, showing an intraday high of 47,979 after it gained about 850 points.
Irfan Saeed, Senior Vice President, BMA Capital Management Limited, said that Market witnessed strong momentum owing to positive economic indicators across the board, but the strong sentiments can primarily be attributed to the State Bank of Pakistan’s decision to keep its policy interest rate unchanged at 7 percent for the fifth consecutive time, for the next two months.
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