PSX ends pre-monetary policy session with 370-point gain

PSX ends pre-monetary policy session with 370-point gain

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Karachi: The financial policy meeting on Tuesday is over Tuesday at 370 pounds, because investors are vigilant against policy rates before assessing the details of the economic situation.

The worries of the lame remained policy rate announcement have retained market participants in the initial trading, however, the rebound is shown at the end of the meeting.

Later, Pakistan National Bank (SBP) announced that the benchmark interest rate has increased by 100 basis points to 9.75%.

Delayed purchase help benchmark KSE-100 index exceeds 43,000 point barriers again.

The frustrated remittance data released on Monday fell by 6.6% to $ 2.4 billion in November, and assists in the support of the Exchange’s early pessimism on the basis of a month.

Today, the baseline KSE-100 index records 370.34 points, or 0.86%, close to 43,246.71 points.

A report from Topline Securities noted that it was a lacklustre day at the PSX where the KSE-100 index initially opened in negative territory and remained sideways most of the day ahead of the monetary policy announcement.

“However, investors opted for value hunting across the board during the last trading hours,” it added.

Shares of 323 companies were traded during the session. At the close of trading, 237 scrips closed in the green, 67 in the red, and 19 remained unchanged.

Overall trading volumes rose to 212.35 million shares compared with Monday’s tally of 150.4 million. The value of shares traded during the day was Rs6.8 billion.

WorldCall Telecom is a stock leader and has traded 21.05 million shares, and RS0.10 is obtained to reach RS1.80. Subsequently, Byto Petroleum was traded at 16.13 million shares, and RS0.34 was received, and RS5.99 was received to reach the TPL attribute of 12.8 million shares, and the rupee is 30.64 rupees.

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